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Author Question: Refer to the scenario above. How much should he pay for the painting if he thinks that there is a 70 ... (Read 66 times)

urbanoutfitters

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on: Jun 29, 2018
Refer to the scenario above. How much should he pay for the painting if he thinks that there is a 70 chance that the painting he is buying is original?
 
  A) 50,000
  B) 35,000
  C) 70,000
  D) 15,000

Question 2

If the demand and supply curves for a commodity both shift to the left and the shift in demand is less than the shift in supply, then in comparison to the initial equilibrium, the new equilibrium will be characterized by:
 
  A) the same price and quantity.
  B) a higher price and quantity.
  C) a higher price and a lower quantity.
  D) a lower price and a higher quantity.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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dajones82

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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urbanoutfitters

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

ryansturges

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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