Moving production from a
high-cost producer to a low-cost producer will (
)
A: lower total surplus.
B: raise total surplus.
C: lower producer surplus.
D: raise producer surplus but
lower consumer surplus.
high-cost producer to a low-cost producer will (
)
A: lower total surplus.
B: raise total surplus.
C: lower producer surplus.
D: raise producer surplus but
lower consumer surplus.
举一反三
- 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.
- A tariff on a product ( ) A: enhances the economic well-being of the domestic economy. B: increases the domestic quantity supplied. C: increases the domestic quantity demanded. D: results in an increase in producer surplus that is greater than the<br/>resulting decrease in consumer surplus.
- Producer surplus
- Producer surplus is