question archive Please mark all correct answers ? More of a certain product produced, more the benefit from it, overall economic efficiency grows B Quantity above equilibrium carries deadweight loss
Please mark all correct answers ? More of a certain product produced, more the benefit from it, overall economic efficiency grows B Quantity above equilibrium carries deadweight loss
Subject:EconomicsPrice: Bought3
Please mark all correct answers ? More of a certain product produced, more the benefit from it, overall economic efficiency grows B Quantity above equilibrium carries deadweight loss. So does quantity under equilibrium Allocative efficiency is about producing and consuming "right" items, productive efficiency is about doing this in the least costly way Difference between market price and minimum price supplier is ready to accept is D) producer's surplus Difference between maximum price that consumer is willing to pay and market price is Ε consumer's surplus
