章消费者生产者市场效率quiz 07 with answer测验带答案.pdfVIP

Chapter7Consumers,Producers,andtheEfficiencyofMarkets

1.WhichofthefollowingbestexplainsthesourceofconsumersurplusforgoodA?(a)

a.ManyconsumerswouldbewillingtopaymorethanthemarketpriceforgoodA.

b.ManyconsumerspaypricesthataregreaterthantheequilibriumpriceofgoodA.

c.ManyconsumersthinkthemarketpriceofgoodAisgreaterthanitscost.

d.ManyconsumersthinkthepriceelasticityofdemandforgoodAisunitelastic.

2.Ifyouhadbeenwillingtopay$2.19forthegallonofmilkpurchasedatthe

supermarketbutwererequiredtopayonly$1.89,youhavegained(b)

a.arefundof$.30fromtheclerk.

b.aconsumersurplusamountingto$.30.

c.excessmarginalbenefitof$2.19.

d.producersurplusof$.30.

3.Thedemandcurveshows(b)

a.thehighestpricebuyersactuallypayforeachunitofagoodandtheamount

theywouldbuy.

b.thehighestpricebuyerswouldbewillingandabletopayforeachunitofthe

goodortheamountpurchasedateachprice.

c.theconsumersurplusbuyersgainfromeachunitofthegoodiftheywereto

purchaseit.

d.theenjoymentconsumersgetfromeachunitofthegoodiftheywereto

purchase.

4.Theareaunderneathademandcurvedowntotheequilibriumpriceis(c)

a.alwayslessthantheareaunderthesupplycurve.

b.alwaysgreaterthantheareaunderthesupplycurve.

c.consumersurplus.

d.producersurplus.

5.Thebenefittoaproducerofsellingagoodattheequilibriumpriceiscalled(a)

a.producersurplus.

b.con