All else equal consumers prefer market outcomes withnbsphow, Business Economics

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All else equal consumers prefer market outcomes withnbsphow

1. All else equal, consumers prefer market outcomes with:

A. more consumer surplus.

B. more producer surplus.

C. less consumer surplus.

D. the same amount of producer surplus.

2. How large is deadweight loss in equilibrium?

A. zero

B. the dollar value of consumer surplus minus producer surplus

C. the dollar value of producer surplus minus consumer surplus

D. the dollar value of producer surplus plus consumer surplus.

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Business Economics: All else equal consumers prefer market outcomes withnbsphow

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Business Economics: All else equal consumers prefer market outcomes withnbsphow

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