Who gets the benefit when there is a surplus market condition? a. Consumers b. Sellers c. middlemen because there is a lot to be transacted d. Government because of Taxes If Quantity Demanded is less than Quantity Supplied. a. curves will shift to the right b. suppliers get all the benefit c. consumers gets most of the benefit d. government gets taxes Cars and gasoline are an example pf what types of goods? a. Luxury b. Complimentary c. Substitute d. Composite
Who gets the benefit when there is a surplus market condition? a. Consumers b. Sellers c. middlemen because there is a lot to be transacted d. Government because of Taxes If Quantity Demanded is less than Quantity Supplied. a. curves will shift to the right b. suppliers get all the benefit c. consumers gets most of the benefit d. government gets taxes Cars and gasoline are an example pf what types of goods? a. Luxury b. Complimentary c. Substitute d. Composite
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Who gets the benefit when there
is a surplus market condition?
a. Consumers
b. Sellers
c. middlemen because there is a lot to
be transacted
d. Government because of Taxes
If Quantity Demanded is less than
Quantity Supplied.
a. curves will shift to the right
b. suppliers get all the benefit
c. consumers gets most of the benefit
d. government gets taxes
Cars and gasoline are an example
pf what types of goods?
a. Luxury
b. Complimentary
c. Substitute
d. Composite
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