Answer Happy

Of the following, which is the best example of consumer surplus? An individual who pays exactly what he or she thinks pizza is worth An individual who pays less for a pizza than he or she thinks it is worth When quantity supplied is greater than quantity demanded in a market An individual who spends less than he or she earns in a given year An individual who pays more for a pizza than he or she thinks it is worth
Supply and Demand for Orange Juice 9.00 2.00 100 150 200 250 300 Output The graph shows the supply and demand curves for gallons of orange juice. Which of the following will occur if the government establishes a price floor at $6.00 per gallon? a shortage and an increase in consumer surplus neither a surplus or shortage will occur a surplus and a decrease in consumer surplus a surplus and an increase in consumer surplus Price (dollars per gallon) 6.00 5.00 4.00
Assume marshmallows and graham crackers are complements. If the price of graham crackers decreases, which of the following will most likely occur in the marshmallow market? Price and quantity for marshmallows will increase Demand for marshmallows will decrease Supply for marshmallows will decrease Price and quantity for marshmallows will decrease Quantity for marshmallows will increase, while price for marshmallows is Indeterminate
Price $6 S10 S8 $6 Demand 10 12 14 Quantity The market above is subject to a per unit tax. Which of the following represents the net price sellers receive after the tax is imposed? $4 $8 $10 Supply+Tax $12 Supply