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Author Question: Refer to the figure above. When the supply curve of flash drives is S2 and the demand curve of flash ... (Read 56 times)

neverstopbelieb

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  • Posts: 534
on: Jun 29, 2018
Refer to the figure above. When the supply curve of flash drives is S2 and the demand curve of flash drives is D, what is the surplus in the market when the price is 7?
 
  A) 0 units
  B) 10 units
  C) 20 units
  D) 40 units

Question 2

Students can rent a Blu-ray movie at Campus Video for 4. As the price of Blu-ray players fall, the
 
  A) quantity supplied of Blu-ray movies will decrease.
  B) demand for Blu-ray movies will increase.
  C) supply of Blu-ray movies will decrease.
  D) quantity demanded of Blu-ray movies will increase.


stallen

  • Sr. Member
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  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


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