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Author Question: Refer to Figure 9-3. What is the area of consumer surplus after the imposition of the quota? A) A ... (Read 55 times)

Medesa

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on: Jun 29, 2018
Refer to Figure 9-3. What is the area of consumer surplus after the imposition of the quota?
 
  A) A B) G + H C) A + G + H D) G + H + E + I+ J + M

Question 2

Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?
 
  A) a decrease in demand and a decrease in supply
  B) an increase in supply
  C) a decrease in demand and an increase in supply
  D) an increase in supply and an increase in demand greater than the increase in supply


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brittanywood

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Medesa

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

helenmarkerine

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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