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Author Question: College students and faculty members have a more elastic demand than the general public for Apple's ... (Read 1655 times)

DelorasTo

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on: Jun 29, 2018
College students and faculty members have a more elastic demand than the general public for Apple's iMac desktop computers. From this we can conclude that
 
  A) Apple will earn economic profits from the computers it sells to the general public but will break even on the computers it sells to college students and faculty members.
  B) Apple will charge college students and faculty members lower prices than it charges the general public.
  C) the general public will earn arbitrage profits by buying iMac desktop computers from Apple and reselling them to college students and faculty members.
  D) Apple will charge college students and faculty members higher prices than it charges the general public.

Question 2

Refer to Figure 17-4. Which of the following is true at W2?
 
  A) The supply curve is positively sloped.
  B) The income effect and the substitution effect are equal.
  C) The substitution effect is larger than the income effect.
  D) The income effect is larger than the substitution effect.
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iceage

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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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Jiayi Dai

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Reply #2 on: Mar 30, 2020
Thank You


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