# principles of microeconomics help!!!

2

>Sheet

1

: Quiz

1

s.

2

. How much producer surplus do suppliers earn?

A.

B.

C.

D.

3

A.

B.

C.

D.

4

A.

B.

C.

D.

5

A.

B.

C. price
D.

0 consumers, each of whom values a concert ticket at a unique whole number dollar amount between \$1 and \$100. One customer is willing to pay \$1, a second is willing to pay \$2, a third is willing to pay \$3, and so on. An unlimited number of concert tickets are on sale for \$15 each. What is the total consumer surplus in this market?

A.

8

.50

B.

C.

D.

.50

7

A.

B.

C.

D.

8
10

A.

B.

C.

D.

A.

B. \$5,000.00

C.

D.

12

A.

B.

C.

D.

A.

B.

C.

D.

Use this diagram for the question(s) below.

A.

B.

C.

D.

15

A.

B.

C.

D.

A.

B.

C.

D.

A.

B.

C.

D.

A.

B.

C.

D.

20

A.

B.

C.

D.

#2

#7

#11

Figure: Quantity of Good X

Reference: Ref 3-3

#14

Figure: Quantity of Good X

Reference: Ref 3-3

#15

 In the diagram, which of the following factors would cause the demand curve to shift from D1 to D2?