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If the price of a good is $50 and you obtain $30 in consumer surplus from the

If the price of a good is $50 and you obtain $30 in consumer surplus from the transaction, what was your willingness to pay? $20 $30 $50 $80 If the price of a good is $40 and producer surplus is $25 from the transaction, what was the seller's willingness to sell? $15 $25 $40 $65 The price for frozen yogurt increases. As a result which of the following would increase? The demand curve for frozen yogurt The supply curve for frozen yogurt The quantity demanded of frozen yogurt The quantity supplied of frozen yogurt The government setting a particular minimum wage is a classic example of: O Market efficiency O Markets attaining a surplus Markets attaining a shortage Markets attaining a price ceiling

Feb 01 2020 View more View Less

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