Assume that linen pants are a normal good and consumer income rises. If the supply of linen pants remains constant, producer surplus:
will increase.
举一反三
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- 【单选题】If the price decreases in a country, what will happen? ( ) A. consumer surplus declines B. consumer surplus rises C. producer surplus declines D. both B and C A. consumer s
- What is the total surplus of a market? A: the sum of consumer surplus and producer deficit B: the sum of consumer surplus and producer surplus C: the difference between the consumer surplus and producer surplus D: the difference between the highest price that a consumer is willing to pay and the lowest price that a producer is willing to sell
- If the price of oak lumber increases, what happens to consumer<br/>surplus in the market for oak cabinets? () A: Consumer<br/>surplus increases. B: Consumer<br/>surplus decreases. C: Consumer<br/>surplus will not change consumer surplus; only producer surplus<br/>changes. D: Consumer<br/>surplus depends on what event led to the increase in the price of oak<br/>lumber.
- Suppose the demand and supply curves for good X are both linear. And, the demand price for the first unit of X is $28, and the supply price for the first unit of X is $6. If the equilibrium price for good X is $16 and the equilibrium quantity of X is 24,000 units, then total consumer surplus is $________, total producer surplus is $_________, and total social surplus is $_____________. A: $144,000; $120,000; $264,000 B: $672,000; $144,000; $384,000 C: $120,000; $144,000; $264,000 D: $28; $6; $16 E: $144,000; $672,000; $384,000
内容
- 0
The minimum supply price, the lowest price at which a producer is willing to supply an additional unit of a good, is: A: less than the marginal revenue for the additional unit. B: the price at which producer surplus is maximized. C: the marginal cost of producing the additional unit.
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What are the properties of linen fabric? A: good absorbency B: crease-resistant C: easy to wrinkle D: super-stretch
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4.First customer:Khaki pants or brown pants?
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Because the first pair of pants did not fit properly, he asked for ______. A: another pants B: other pants C: the other pants D: another pair
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(khaki pants or brown pants?)First customer:_____________Second customer:___________