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Author Question: Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good. ... (Read 75 times)

arivle123

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on: Jun 29, 2018
Studies show that smoking cigars is inversely related to income. Thus cigars are an inferior good.
 
  Indicate whether the statement is true or false

Question 2

Which area in the above figure equals the consumer surplus under perfect price discrimination?
 
  A) A + B + C + D + E + F + G + H
  B) A + B + C + D + E
  C) A + B
  D) There is no consumer surplus.


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mcarey591

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

TRUE

Answer to Question 2

D


arivle123

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Reply 2 on: Jun 29, 2018
Excellent

nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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