ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2012 Exam2B
Document Summary
Econ 2100 (summer 2012 sections 07 and 08) Version b who bears the burden of a tax, in terms of decreased surplus. the difference between maximum possible total social surplus and realized total social. Surplus. a legal restriction on the price at which trade can take place. efforts by firms to coordinate their actions in order to keep market prices and firm profits artificially high. Which of the following observations would support a claim that good x" is a complement for. The price elasticity of demand for good x" ( 1. 53) is more negative than the price. The cross price elasticity of demand for good x" with respect to the price of good. Consider a market in which the efficient level of trade is 22,000 units. None of the above answers are correct, since deadweight-loss can never be negative. During the month of may her company produced.
