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Author Question: In the figure above, when the quantity of milk produced is 600 gallons per day, what is the ... (Read 68 times)

cartlidgeashley

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on: Jun 29, 2018
In the figure above, when the quantity of milk produced is 600 gallons per day, what is the deadweight loss?
 
  A) 250
  B) 125
  C) 500
  D) 50

Question 2

The increase in the demand for widgets, shown in the figure above, is the result of an increase in income. Therefore, widgets
 
  A) are a normal good.
  B) are an inferior good.
  C) are elastically demanded.
  D) are inelastically demanded.


Viet Thy

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

A

Answer to Question 2

A


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