116 .  A shift along the demand curve for a good is most likely to result from a change in:
　　A)   the price of the good.
　　B)    consumers’ income.
　　C)    the price of a related good.
　　117 . Based on the concept of diminishing returns, as the quantity of output increases, the short-runmarginal costs of production eventually:
　　A)   fall at a decreasing rate.
　　B)    rise at an increasing rate.
　　C)    rise at a decreasing rate.
　　118 . Which of the following most accurately describes the relationship between marginal cost (MC), average variable cost (AVC), marginal product (MP), and average product (AP)?
　　A)   When MP > AP, MC > AVC.
　　B)    When MP = AP, MC > AVC.
　　C)    When MP = AP, MC = AV
　　119 . If a consumer is willing to pay $20 for a shirt but only has to pay $16, the $4 difference is:
　　A)   consumer deficit.
　　B)    producer surplus.
　　C)    consumer surplus.
　　120 . The imposition of a tax on producers but not on buyers in a market currently in equilibrium is most likely to increase:
　　A)   quantity supplied and price paid by buyers.
　　B)    price paid by buyers and reduce quantity demanded.
　　C)    actual tax incidence on producers but not on buyers.
　　
　　　　
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