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Author Question: Refer to the figure above. What is the loss in the market-wide consumer surplus when the price of ... (Read 88 times)

sheilaspns

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on: Jun 29, 2018
Refer to the figure above. What is the loss in the market-wide consumer surplus when the price of wine changes from 9 to 18?
 
  A) 144,000
  B) 30,000
  C) 57,000
  D) 0

Question 2

The quantity supplied of a good or service is the amount that
 
  A) producers wish they could sell at a higher price.
  B) is actually bought during a given time period at a given price.
  C) people are willing to buy during a given time period at a given price.
  D) producers plan to sell during a given time period at a given price.


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zogaridan

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

C

Answer to Question 2

D


sheilaspns

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

milbourne11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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