Producer surplus measures
A: the benefits to sellers of participating in a market.
B: the costs to sellers of participating in a market.
C: the price that buyers are willing to pay for sellers' output of a good or service.
D: the benefit to sellers of producing a greater quantity of a good or service than buyers demand.
A: the benefits to sellers of participating in a market.
B: the costs to sellers of participating in a market.
C: the price that buyers are willing to pay for sellers' output of a good or service.
D: the benefit to sellers of producing a greater quantity of a good or service than buyers demand.
举一反三
- The international market price of goods is determined by the competition between buyers and sellers, namely, the law of supply and demand. It includes（ ） A: Competitive selling between sellers B: Competitive buying between buyers C: Competition between buyers and sellers D: Competitive buying between sellers E: Competitive selling between buyers
- Ingeneral,elasticityis A: the friction that develops between buyers and sellers in a market. B: a measure of how much government intervention is prevalent in a market. C: a measure of how competitive a market is. D: a measure of how much buyers and sellers respond to changes in market conditions.
- When the price of a good is lower than the equilibrium price, ________. A: a surplus will exist. B: buyers desire to purchase more than is produced. C: sellers desire to produce and sell more than buyers wish to purchase. D: quantity supplied exceeds quantity demanded.
- When sellers supply more of the product than buyers are willing to purchase, a ______ is created. A: shortage B: supply and demand schedule C: surplus D: demand
- Which of the following statements is most accurate in regard to the tax division between buyers and sellers of products with perfectly elastic demand A: Sellers pay the entire tax. B: Buyers bear the entire tax burden. C: Buyers and sellers share the tax burden.