zl = 18 171 Ho When transactions do not occur due to price or quantity controls, what is the term for the lost gains? wasted resources deadweight loss black market losses price wedge inefficient quality Ho th Suppose market prices for tomatoes were to increase by 10%, and tomato farmers wanted to know whether or not their overall total revenues would rise or fall as a consequence. The farmers could figure this out by calculating which of the following economic concepts? producer surplus administrative costs diminishing marginal utility deadweight loss price elasticity of demand zl = i= 20 Ho Suppose Jolene buys apples weekly. If the price of apples were to drop, Jolene would experience a(n) decrease in total revenue O increase in consumer surplus decrease in willingness to pay decrease in her budget constraint increase in marginal utility