The Normal Curve Is

question 105

Multiple Choice

The normal curve is

• A) symmetrical
• B) unimodal
• C) asymptotic to the abscissa
• D) all of these

Distinguish between consumer surplus and producer surplus.

Evaluate the role of efficiency and equity in economic policies.

Calculate total, consumer, and producer surplus from given market scenarios.

Understand the effects of price controls on market surplus.