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Author Question: The above figure shows four different markets with changes in either the supply curve or the demand ... (Read 51 times)

tnt_battle

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on: Jul 1, 2018
The above figure shows four different markets with changes in either the supply curve or the demand curve. Which graph best illustrates the market for typewriters after technological advances in computerized word-processing software occur?
 
  A) Graph A
  B) Graph B
  C) Graph C
  D) Graph D

Question 2

If fair insurance is offered to a risk-averse person, she will
 
  A) buy enough insurance to eliminate all risk.
  B) not buy any insurance because it is overpriced.
  C) not buy any insurance since the marginal utility of the amount of the payment is positive.
  D) buy enough insurance to cover about half of the possible loss.
Microeconomics ¦ Perloff ¦ 8th Edition
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nguyenhoanhat

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

D

Answer to Question 2

A


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