Answer:
A. increase
Explanation:
Consumer surplus is the difference between the amount of money that consumers willing to pay for a certain goods/services. and the actual price of the goods/services.
When the government increases the tax of a certain product, the price of that product will most likely be increased since the sellers always want to maintain the profit margin that they get from each sellers.
Increase in prices will lead to an increase in consumer surplus.
The file extension helps an operating system, like Windows or macOS, determine which program on your computer the file is associated with.
Answer: i honestly dont know but what ever you feel is best for u do it.
Explanation:
Answer: Hi your question is incomplete attached below are the missing details
answer :
A) 16 used DVDs
B) i) $18
ii) $6
iii) $8
Explanation:
<u>A) Determine the weekly shortage of used DVDs due to ceiling price = $11</u>
shortage = Quantity demanded ( H ) - Quantity supplied ( F )
at ceiling price of $11 ; quantity demanded = 20 , Quantity supplied = 4
= 20 - 4 = 16 used DVDs
B) i) <em>New consumer surplus = ADLK </em>
ADLK = ∠ ABK + BKLD
= 1/2 * 4 * 1 ) + ( 15 - 11 )*4 = $18
<em>ii) New producer surplus = DLE </em>
DLE = 1/2 * 4 * ( 11-8 )
= $6
<em> iii) Total economic surplus lost </em>
ΔKJL = 1/2 ( 8 - 4 ) * ( 15 - 11 )
= $8