This topic contains a solution. Click here to go to the answer

Author Question: The discussion of Figure 2.2 in the text indicates that quantity demanded for most goods tends to ... (Read 19 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
The discussion of Figure 2.2 in the text indicates that quantity demanded for most goods tends to increase as income rises. However, the quantity of bananas demanded in the U.S. tends to decrease as income rises.
 
  Under this condition, we expect that an increase in consumer income shifts the demand curve for bananas: A) rightward
  B) no shift.
  C) leftward.
  D) upward.

Question 2

Refer to Figure 9.3. If the market is in equilibrium, the producer surplus earned by the seller of the 100th unit is
 
  A) 0.50.
  B) 0.75.
  C) 1.50.
  D) 2.00.
  E) 2.75.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

C

Answer to Question 2

C




kodithompson

  • Member
  • Posts: 566
Reply 2 on: Jul 1, 2018
:D TYSM


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

For a complete list of videos, visit our video library