This topic contains a solution. Click here to go to the answer

Author Question: The discussion of Figure 2.2 in the text indicates that quantity demanded for most goods tends to ... (Read 40 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
The discussion of Figure 2.2 in the text indicates that quantity demanded for most goods tends to increase as income rises. However, the quantity of bananas demanded in the U.S. tends to decrease as income rises.
 
  Under this condition, we expect that an increase in consumer income shifts the demand curve for bananas: A) rightward
  B) no shift.
  C) leftward.
  D) upward.

Question 2

Refer to Figure 9.3. If the market is in equilibrium, the producer surplus earned by the seller of the 100th unit is
 
  A) 0.50.
  B) 0.75.
  C) 1.50.
  D) 2.00.
  E) 2.75.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

C




kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
Excellent


amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Gracias!

 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library