« previous next »

Author Question: Elvira decreased her consumption of bananas when the price of peanut butter increased. For Elvira, ... (Read 66 times)

hubes95

  • Hero Member
  • *****
  • Posts: 561
on: Jun 29, 2018
Elvira decreased her consumption of bananas when the price of peanut butter increased. For Elvira, peanut butter and bananas are
 
  A) complements in consumption. B) both luxury goods.
  C) both inferior goods. D) substitutes in consumption.

Question 2

Refer to Table 4-7. The equations above describe the demand and supply for Pauline's Pickled Pomegranates. The equilibrium price and quantity for Pauline's Pickled Pomegranates are 30 and 15 thousand units.
 
  What is the value of consumer surplus?
  A) 50 thousand B) 112.5 thousand C) 225 thousand D) 337.5 thousand
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
Buy Test-Bank


okolip

  • Sr. Member
  • ****
  • Posts: 362
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Deforestation and increased road-building in the Amazon Rainforest are a significant concern because Deforestation and increased road-building in the Amazon Rainforest are a significant concern because
Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ... Increased neurogenesis in the dentate gyrus following damage. The left panel shows (1) an ...
Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ... Effects of septal defects: (A) normal shunt; no cyanosis; (B) increased pressure in right ventricle; ...
Changing Patterns of Climate increased drought Changing Patterns of Climate increased drought
Spoon vanilla yogurt over canned crushed pineapple and sliced bananas for a tropical treat Spoon vanilla yogurt over canned crushed pineapple and sliced bananas for a tropical treat
Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ... Suppose the market supply curve is p = 5Q. If price increases from 10 to 15, the change in ...
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library