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Author Question: Refer to Figure 9-3. Without the quota, the domestic price of peanuts equals the world price which ... (Read 125 times)

bobbysung

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on: Jun 29, 2018
Refer to Figure 9-3. Without the quota, the domestic price of peanuts equals the world price which is 2.00 per pound. What is the quantity of peanuts demanded by domestic consumers in the absence of a quota?
 
  A) 10 million pounds B) 28 million pounds C) 30 million pounds D) 40 million pounds

Question 2

If more insurance companies decide to cover part of the price of voluntary laser eye surgery and more doctors decide to enter the field of laser eye surgery, what will happen in the market for laser eye surgery as a result of these two factors?
 
  A) Demand and supply will both increase.
  B) Demand will increase, but these two factors will not shift the supply curve.
  C) Supply will increase, but these two factors will not shift the demand curve.
  D) Demand will increase and supply will decrease.
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tjayeee

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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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bobbysung

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

frankwu0507

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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