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Author Question: The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if ... (Read 60 times)

itsmyluck

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on: Jun 29, 2018
The figure above shows the demand for fruit snacks. Which movement reflects an increase in income if fruit snacks are a normal good?
 
  A) from point a to point e
  B) from point a to point b
  C) from point a to point c
  D) from point a to point d

Question 2

In the figure above, when production is 3 units with a price of 3, the consumer surplus equals
 
  A) a + b.
  B) a + b + f + g.
  C) a + b + f + g + h + l.
  D) a + b + f + g + h + l + i + m.


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Jsherida

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

D

Answer to Question 2

A


itsmyluck

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Reply #2 on: Jun 29, 2018
Thank you :)


Jsherida

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Reply #3 on: Jun 29, 2018
Happy to help you


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