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Question: to describe the overall benefits that sellers received in a...

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To describe the overall benefits that sellers received in a market, we can add up: each consumers consumer surplus. each sellers producer surplus. each sellers total surplus. the markets total surplus.Which of the following could cause there to be a missing market? Lack of information Public policy that prevents a market from existing От ︵. The lack of technology needed to make exchanges Inability of buyers and sellers to communicate All of these could create missing marketsDeadweight loss is a loss a quantity (Click to select) iurplus that occurs because the quantity traded is different from the market equilibrium producer total consumer netSuppose a market is initially in equilibrium and supply increases. The consumer surplus will be lower since the price is lower and equilibrium moves up along the demand curve. be higher since the price is lower and equilibrium moves up along the demand curve. be higher since the price is lower and equilibrium moves down along the demand curve. be lower since the price is lower and equilibrium moves down along the demand curve.Willingness to pay is: equal to opportunity cost equal to the benefit that a consumer receives from a good. greater than opportunity cost. unrelated to opportunity cost. less than opportunity cost. Όμ οιYou are in the market for a new couch and found two advertisements for the kind of couch you want to buy. Seller One notes in her ad that she is selling because she is moving to a smaller apartment and the couch wont fit in the new space. Seller Two says he is selling because the couch doesnt match his other furniture. You will probably get a better deal from Seller One because she does not like the couch Seller Two because he wants to get rid of it more. Seller One because the couch must be removed from her home Seller Two because he has other pieces to sell with it.

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