When the government imposes a price floor below the equilibrium price in the market for bottled water, the quantity of bottled water that gets bought and sold ____, and a deadweight loss ____ created.

Refer to the Market for Tanning Services depicted above. The tax depicted in this graph increases the price that consumers pay by ____ per hour and reduces the price that sellers receive by _____ per hour.

Peru produces blueberries and raspberries. It can produce 150 pounds of blueberries or 600 pounds raspberries per day. The opportunity cost of producing an additional pound of blueberries is ____. 

Refer to the table above. When the price of peanuts rises from $3 per pound to $5 per pound, producer surplus increases by ____.

Choice Quantity of Pizzas Produced Quantity of Calzones Produced A 48 0 B 36 15 C 24 30 D 12 45 E 0 60 Refer to the table above. Assume that Tomaso’s Trattoria only produces pizza and calzones. A combination of 24 pizzas and 15 calzones would appear ____.

Refer to the graph above. ____ has an absolute advantage in producing jasmine, and ____ has an absolute advantage in producing orchids. 

If a tariff is imposed on imports of shrimp into the United​ States, U.S. producer surplus from shrimp will​ ____, and U.S. consumer surplus from shrimp will​ ____.

If a tariff is imposed on imports of shrimp into the United​ States, U.S. consumer surplus from shrimp will​ ____, and U.S. producer surplus from shrimp will​ ____.

Price Quantity of Sweaters Demanded Quantity of Sweaters Supplied $50 300 sweaters 225 sweaters $60 275 sweaters 275 sweaters $70 250 sweaters 325 sweaters $80 225 sweaters 375 sweaters $90 200 sweaters 425 sweaters Refer to the table above. The price of wool used to produce sweaters rises. In response, the supply of sweaters decreases, and the new equilibrium price of a sweater is $80. By how much did the supply curve shift leftward?

Peru produces blueberries and raspberries. It can produce 150 pounds of blueberries or 750 pounds raspberries per day. The opportunity cost of producing an additional pound of blueberries is ____.