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Author Question: A market demand curve is found by A) adding the prices each consumer would pay for each quantity. ... (Read 29 times)

acc299

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on: Jun 29, 2018
A market demand curve is found by
 
  A) adding the prices each consumer would pay for each quantity.
  B) adding the prices and the quantities demanded by a consumer.
  C) adding the quantities demanded for each individual consumer at each price.
  D) taking the demand curve of the representative consumer.

Question 2

A severe drought has devastated cocoa plants, causing an increase in the price of chocolate. In the market for chocolate chip cookies
 
  A) a surplus will arise.
  B) supply has decreased and price has increased.
  C) quantity has decreased and price has decreased.
  D) quantity demanded has increased.


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pocatato

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


acc299

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

lcapri7

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

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