The figure shows the market for a winter jackets. Alt Text: winter jackets Suppose the government imposes a price control at $100 per jacket. Think of the impact to the market after the price control is imposed on winter jackets. Impact on consumer surplus The consumer surplus [cschange]. Consumers of winter jackets are [cs] because [cswhy]. Impact on producer surplus The producer surplus [pschange]. Producers of winter jackets are [ps] because [pswhy]. Impact on DWL As a result, there is [dwl].

The following questions are on the market for Las Vegas hotel rooms.

The following questions are on the market for winter jackets.

The following question will ask you to read an article and answer a question.

Extra credit True or false: Expanding the number of lanes on a freeway reduces traffic. Explain.

If marginal benefit is equal to marginal cost, then the

The following questions are about Adam and Billy, two entrepreneurs who produce cars and trucks.

Because of a sharp increase in the price of gasoline, the demand for Sports Utility vehicles (SUVs) has decreased. So, the high price of gasoline leads to a

The remaining questions cover a variety of topics.

You should not cover your camera, end screen recording, or in any way meddle with the proctoring of the exam. Doing so will result in points deducted from your overall exam score or a score of 0. This is a closed book exam.