In a perfectly competitive market, if demand increases because consumers are richer, and supply increases because marginal costs decrease, then in the new equilibrium (choose the correct two):

Suppose a tax of $9 is levied on buyers in this market. What is the new market quantity with this tax. Your answer should be a number - do not add any words or symbols.

Suppose a tax of $9 is levied on buyers in this market. What is the new producer surplus with this tax. Your answer should be a number - do not add any words or symbols.

What is producer surplus? Your answer should be a number - do not add any words or symbols.

Suppose a tax of $9 is instead levied on sellers in this market. What is the deadweight loss of this tax. Your answer should be a number - do not add any words or symbols.

Suppose a tax of $9 is levied on buyers in this market. What is the deadweight loss of this tax. Your answer should be a number - do not add any words or symbols.

What is the equilibrium price? 

Enter a whole number, with no special characters like % or dollar signs, and no letters. Do not enter any space before or after the number, and do not include any thousands separator.

The figure shows the market demand curve for bread, together with original and new supply curves, where the curve has shifted due to an introduction of a new technology. Assume that the number of bakeries remains constant. Which one of the following statements is correct?

The following question is about the effect that demand and supply elasticities have on the consumer and producer surpluses. Assuming that the market equilibrium output and price remain unchanged, which one of the following statements is correct?

In a perfectly competitive market in which the demand is Q =40 - 2P and the supply is Q = P - 5 (choose the correct two):