Micro-economics..... Help a brother out man, LOL!?

Question

Supply curves tend to be more ___the time period facing the producer

price inelastic

price elastic

steeply sloped

inflexible

Along a given demand curve, a decrease in the price of a good

will increase consumer surplus

will decrease consumer surplus

will have no effect on consumer surplus

It's impossible to tell what will happen to consumer surplus

Along a given supply curve, a decrease in the price of a good will

increase producer surplus

decrease producer surplus

have no effect on producer surplus

It's impossible to tell what will happen to producer surplus

A firm that is experiencing diminishing returns in management's ability to use and disseminate information as it increases production in the long run is an example of:

economies of scale

diseconomies of scale

being too small for the relevant market

not having enough managers

Answer 1

Dana is right.  Good work.

Answer 2

if it means the greater the time period, price elastic

will increase consumer surplus

decrease producer surplus

diseconomies of scale