Answer Happy

The introduction of a tax in a perfectly competitive marketplace that is originally in equilibrium will lower total surplus. O True O False Question 9 Allocations that are inefficient are sometimes chosen by policy makers as a way of improving fairness. O True O False Question 10 The necessity for choice, in economics, arises from O high incomes and many available goods. Oscarcity of economic means for satisfying economic wants. limited numbers of producers. O All of the responses are correct.