The 10-year protection period from generic competition for drug manufacturers is a form of

For automobile demand in the U.S., the income response tends to be larger in the:

A. The income response is the same in the long run and the short run. B. long run. C. We do not have enough information to answer this question. D.short run.

The above figure shows supply and demand curves for milk. Suppose that the government passes a $2 per gallon subsidy. The deadweight loss resulting from this policy will be

A) j. B) f + g. C) b + c + f + g. D) c + g.