« previous next »

Author Question: The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, ... (Read 47 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, the efficient quantity of coffee will ________ and the producer surplus will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; decrease
  D) decrease; increase

Question 2

The above table describes the accounts for the country of Pacifica. Using this information, net exports for Pacifica equals
 
  A) 100.
  B) 900.
  C) -100.
  D) 650.


jaymee143

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only James Madison was a key figure at the Constitutional Convention of 1787 in Philadelphia. He not only
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Electrophoresis gel in a densitometer. SPE densitometry showing a normal pattern. Electrophoresis gel in a densitometer. SPE densitometry showing a normal pattern.
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Loss of brain cells in a transgenic Huntington-disease mouse. (a) Section of normal mouse-brain stri Loss of brain cells in a transgenic Huntington-disease mouse. (a) Section of normal mouse-brain stri
Bone formation in normal mice and mutants for the runt gene Cbfa1 Bone formation in normal mice and mutants for the runt gene Cbfa1
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library