Studies show that smoking cigars is inversely related to income. ...

[arivle123]

Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good.
 
  Indicate whether the statement is true or false

Question 2

Which area in the above figure equals the consumer surplus under perfect price discrimination?
 
  A) A + B + C + D + E + F + G + H
  B) A + B + C + D + E
  C) A + B
  D) There is no consumer surplus.

[mcarey591]

Answer to Question 1

TRUE

Answer to Question 2

D

[arivle123]

Thanks for the timely response, appreciate it

[steff9894]

TYSM