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Author Question: A ________ is the price at which a trading partner is indifferent between making the trade and not ... (Read 49 times)

rayancarla1

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on: Jun 29, 2018
A ________ is the price at which a trading partner is indifferent between making the trade and not doing so.
 
  A) market value
  B) reservation value
  C) shadow value
  D) discounted value

Question 2

In the above figure, if D2 is the original demand curve and consumers come to expect that the price of the good will rise in the future, which price and quantity might result?
 
  A) point a, with price P2 and quantity Q2
  B) point b, with price P1 and quantity Q1
  C) point c, with price P3 and quantity Q3
  D) point d, with price P1 and quantity Q3


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SAUXC

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

B

Answer to Question 2

C


rayancarla1

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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