• 2021-04-14
    【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

  • both B and C

    内容

    • 0

      A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country. A: increase; decrease; decrease B: increase; decrease; increase C: increase; remain unchanged; increase D: increase; increase; increase

    • 1

      Suppose that a consumer is consuming 10 units of a discrete good and the price increases from $5 per unit to $6. However, after the price change the consumer continues to consume 10 units of the discrete good. What isthe loss in the consumer’s surplus from this price change? A: $ 0 B: $ 4 C: $ 5 D: $ 10

    • 2

      Assume that linen pants are a normal good and consumer income rises. If the supply of linen pants remains constant, producer surplus:

    • 3

      Suppose you receive a consumer surplus of $50. The $50 represents:

    • 4

      In the figure below, the decline in consumer surplus resulting from an increase in price from $5 to $10 is given by the area:07759405b34d3d8ddf2f10fde4c01fdc.png