« previous next »

Author Question: Suppose Sam buys a good for 100 at a yard sale. If consumer surplus from the sale is 75, Sam would ... (Read 139 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
on: Jun 30, 2018
Suppose Sam buys a good for 100 at a yard sale. If consumer surplus from the sale is 75, Sam would have been willing to pay:
 a. 100 b. 175.
  c. 25 d. equal to the deadweight loss.

Question 2

A drought destroys much of the grape crop. As a result, consumer surplus in the market for wine:
 a. decreases. b. increases.
  c. remains unchanged. d. depends on the deadweight loss.


juiceman1987

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
How to determine the commission of a sale How to determine the commission of a sale
Avocados are a good source of pantothenic acid, dietary fiber, vitamin K Avocados are a good source of pantothenic acid, dietary fiber, vitamin K
Humburger is a good source of niacin , vitamin B6 and pantothenic acid Humburger is a good source of niacin , vitamin B6 and pantothenic acid
potatoes as a very good source of vitamin B6 potatoes as a very good source of vitamin B6
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library