ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2016 Exam2D
Document Summary
Econ 2100 (summer 2016 sections 10 & 11) Ellie is contemplating the purchase of a new pair of ice skates. Her reservation price as a buyer of this item is. The pro shop at her skating rink selling skates for. 120 buys the skates she would realize a consumer"s surplus of ________. Total producers" surplus, total consumers" surplus, and total social surplus. Total producers" surplus and total consumers" surplus, but not total social surplus. Total producers" surplus and total social surplus, but not total consumers" surplus. Total social surplus, but not total consumers" surplus or total producers" surplus. Assuming that nobody other than buyers or sellers are impacted by a transactions in a market, it follows that total social surplus is equal to. Total consumers" surplus multiplied by total producers" surplus. Consider a market in which the unique efficient level of trade is 24,125 units. There would be a negative deadweight-loss if ________ units were traded.
