Font IS Paragraph Styles 7. When economists say that most trades in a market are mutually beneficial, they mean that compared to the market price: a. Consumers' marginal benefit is lower, and producers' marginal cost is higher. b. Consumers' marginal benefit is higher, and producers' marginal cost is lower. c. Consumers' marginal benefit and producers' marginal costs are equal for all trades in a market. d. Consumers and producers both benefit equally from every market trade. 8. Suppose we put a tax on fast food, and that tax had no effect on the amount of fast food people bought and sold. Why, at least in terms of efficiency, would this tax be a "perfect" tax? a. All the tax would be paid by buyers. b. All the tax would be paid by sellers. c. The tax would have no deadweight loss. d. No revenue would be raised by the government. 9. Sometimes policies like rent control or taxes cause the quantity exchanged in a market to be less than the equilibrium quantity. Economists say this drop in quantity creates a. Negative externalities. b. Positive externalities. c. An increase in total surplus. d. A deadweight loss