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Author Question: An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ ... (Read 231 times)

crazycityslicker

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on: Jun 29, 2018
An increase in a fixed exchange rate from 2.00 per pound to 2.10 per pound is called a(n) ________ of the pound.
 
  A) devaluation B) appreciation C) revaluation D) depreciation

Question 2

Refer to Table 4-2. The table above lists the highest prices five consumers are willing to pay for a theater ticket. If the price of one ticket rises from 10 to 19
 
  A) only three tickets will be sold. B) consumer surplus decreases from 31 to 6.
  C) no one will buy a ticket. D) consumer surplus increases from 44 to 71.


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kusterl

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

C

Answer to Question 2

B


crazycityslicker

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Reply #2 on: Jun 29, 2018
Correct answers!


kusterl

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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