Suppose there is a product that is being sold in a perfectly competitive market. if the market price of the product falls, producer surplus will ▼ decrease increase since this change results in a lower price, which means there is ▼ less more area between the supply curve and the market price for the good.

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3