For a given market demand curve, if the market clearing price increases, then the amount of producer surplus will
A) decrease.
B) increase.
C) become negative.
D) none of the above due to insufficient information.
Answer: B
Economics
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Indicate whether the statement is true or false
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If N is the working-age population, Q is the labor force, and U is the number of unemployed, then the unemployment rate is measured as
A) U/N B) U/Q C) U/(N-Q) D) Q/N
Economics