If a benevolent social planner chooses to producer less than the equilibrium quantity of a good, then ?

Related Mcqs:

Suppose there are three identical vases available to be purchased. Buyer 1 is willing to pay Rs30 for one, buyer 2 is willing to pay Rs25 for one, and buyer 3 is willing to pay Rs20 for one. If the price is Rs25, how many vases will be sold and what is the value of consumer surplus in this market ?

A. Three vases will be sold, and consumer surplus is Rs80 B. One vase will be sold, and consumer surplus is Rs5. C. One vase will be sold, and consumer surplus is Rs30. D. Three vases will be sold, and consumer surplus is Rs0. E. Two vases will be sold, and consumer surplus is Rs5....

An increase in the price of a good along a stationary supply curve______________?

A. increase producer surplus B. does all the things describe in these answers C. decrease producer surplus D. improves market equity...

An increase in the price of a good along a stationary demand curve ?

A. improves the material welfare of the buyers. B. decrease consumer surplus C. improves market efficiency. D. increase consumer surplus....

If buyers are rational and there is no market failure ?

A. free market solutions are efficient B. free market solutions maximize total surplus C. all of these answers D. free market solutions are equitable E. free market solutions are efficient and free market solutions maximize total surplus...

If a producer has market power (can influence the price of the product in the market) then free market solutions ?

A. are equitable. B. are efficient C. maximize consumer surplus D. are inefficient...