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Two things happen: (1) the price of whey increases and (2) Health report states that doughnuts are not good for you.

A new health report shows that eating too many doughnuts for breakfast may increase cholesterol levels since doughnuts are considered a high carbohydrate and a high fat food.  Research shows that Gen Z are eating more healthy foods than previous generations.

Two things happen: (1) The first-year enrollment has increased in ECON 1101 and (2) an improvement in technology has enabled suppliers to produce twice as many Just Protein.

Suppose that when a person’s income increased from $50 to $70 a week, the quantity demanded of tacos decreases from 10 to 5 a week. From this information, we calculated the income elasticity, and we can say: the good is normal the good is inferior the good has a income elasticity of -2

Raza loves the Escape Room and he has already gone to the Escape Room five times this week. His twin brother Zavi is asking him to go with him for what would be Raza’s sixth time. Assuming that Raza is rational and that his dollar measure of this sixth time is $50, Raza will choose to go if: The dollar measure of the cost to Raza of this sixth time is $50. The dollar measure of the cost to Raza of this sixth time is $40. The dollar measure of the cost to Raza of this sixth time is no greater than $50.

Relative to the free market equilibrium, consumer surplus after the implementation of this program has _______________ by  _____________. (Fill in the blanks.)

Suppose that the government imposes a subsidy of $8 per Door Dash delivery to encourage food delivery instead of eating at restaurants. What is the consumer surplus?

A technological improvement in the production belt allows for more production of Just Protein in an hour.  

Which of the following statements are true about the deadweight loss of a tax? It tends to be smaller when taxes are larger It is one when supply is perfectly inelastic It is one when demand is perfectly inelastic

Suppose the market is currently in the unregulated (free market) equilibrium. What is the total surplus in this market?