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Author Question: Refer to Figure 4-3. If the market price is 3.00, what is Kendra's consumer surplus? A) 6.50 B) ... (Read 86 times)

JMatthes

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on: Jun 29, 2018
Refer to Figure 4-3. If the market price is 3.00, what is Kendra's consumer surplus?
 
  A) 6.50 B) 5.50 C) 2.50 D) 0.50

Question 2

Suppose at a price of 50, Yoshi's Jazz Bar sells 20 tickets to its nightly jazz performance and at a price of 40, it sells 25 tickets. Based on this information, the demand for Yoshi's jazz performance is elastic.
 
  Indicate whether the statement is true or false


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sierrahalpin

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

D

Answer to Question 2

FALSE


JMatthes

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

tranoy

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

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