If consumers are less willing and able to pay for each level of output than they were previously, then apparently:
a. demand has increased

A put option gives the owner the

A) right to sell the underlying security. B) obligation to sell the underlying security. C) right to buy the underlying security. D) obligation to buy the underlying security.

The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, producer surplus decreases by

A) d. B) b + f. C) c + g. D) i.