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Author Question: A move from one point on a contract curve to another point on the contract curve will make A) ... (Read 184 times)

xclash

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on: Jul 1, 2018
A move from one point on a contract curve to another point on the contract curve will make
 
  A) both individuals better off.
  B) both individuals worse off.
  C) one individual better off and the other individual worse off.
  D) the goods more expensive.

Question 2

Refer to Figure 2.1. At point D, demand is:
 
  A) completely inelastic.
  B) inelastic, but not completely inelastic.
  C) unit elastic.
  D) elastic, but not infinitely elastic.
  E) infinitely elastic.


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shoemake

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

B


xclash

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

bigsis44

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

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