The Supply-Demand Condition of a specific perfectly competitive market is shown in the figure. At the equilibrium point, which of the following areas represents the producer surplus?

The simple interest in a loan of $200 at 10 percent interest per year is

Companies under market structures are independent

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right