Refer to Figure 10-6. Which diagram demonstrates a decrease in ...

[Shelles]

Refer to Figure 10-6. Which diagram demonstrates a decrease in total utility following an increase in the price of candy?
 
  A) the movement from e to d in Panel A B) the movement from g to f in Panel B
  C) the movement from k to h in Panel C D) none of the above

Question 2

Refer to Figure 17-3. Panel D is appropriate when used to represent
 
  A) the quantity of labor demanded by an input price taker.
  B) the quantity of labor supplied by someone working a fixed number of hours.
  C) the labor supply curve facing an input price taker.
  D) the highly-skilled labor market supply curve.

[smrtceo]

Answer to Question 1

C

Answer to Question 2

C

[Shelles]

Gracias!

[irishcancer18]

Thanks for the timely response, appreciate it