In the above figure, what is the wage rate the monopsonist will pay?

If the demand for jelly increases, and the price of grapes (used to make jelly) rises

A) the equilibrium quantity of jelly falls and the equilibrium price of jelly might rise or fall. B) the equilibrium price of jelly falls and the equilibrium quantity of jelly might rise or fall. C) the equilibrium price of jelly rises and the equilibrium quantity of jelly might rise or fall. D) the equilibrium price of jelly falls and the equilibrium quantity of jelly rises.

Refer to Figure 15-9. What is the difference between the monopoly output and the perfectly competitive output?

A) 140 units B) 240 units C) 340 units D) 560 units