题目内容

When the government imposes a binding price floor, it causes ( )

A. the supply curve to shift to the left.
B. the demand curve to shift to the right.
C. a shortage of the good to develop.
D. a surplus of the good to develop.

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Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold? ( )

A. an increase in the price of peanut better, a complement to jelly
B. an increase in the price of Marshmallow Fluff, a substitute for jelly
C. an increase in the price of grapes, an input into jelly
D. an increase in consumers’ incomes, as long as jelly is a normal good

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If a monopoly’s fixed costs decrease, its price will ( ) and its profit will ( ).

A. increase, decrease
B. decrease, increase
C. stay the same, increase
D. increase, stay the same

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John has been working as a tutor for $300 dollars a semester. When the university raises the price it pays tutors to $400 , Emily enters the market and begins tutoring as well. How much does producer surplus rise as a result of this price increase? ( )

A. by less than $100
B. between $100 and $ 200
C. between $200 and $300
D. by more than $300

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The demand curve for cookies is downward sloping. When the price of cookies is $2 , the quantity demanded is 100. If the price rises to $3 , what happens to consumer surplus? ( )

A. It falls by less than $100.
B. It falls by more than $100.
C. It rises by less than $100.
D. It rises by more than $100.

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When the government imposes a binding price floor, it causes ( )

A. the supply curve to shift to the left. B. the demand curve to shift to the right. C. a shortage of the good to develop. D. a surplus of the good to develop.

Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold? ( )

If a monopoly’s fixed costs decrease, its price will ( ) and its profit will ( ).

John has been working as a tutor for $300 dollars a semester. When the university raises the price it pays tutors to $400 , Emily enters the market and begins tutoring as well. How much does producer surplus rise as a result of this price increase? ( )

The demand curve for cookies is downward sloping. When the price of cookies is $2 , the quantity demanded is 100. If the price rises to $3 , what happens to consumer surplus? ( )

A. the supply curve to shift to the left.
B. the demand curve to shift to the right.
C. a shortage of the good to develop.
D. a surplus of the good to develop.