Author Question: In the figure above, when the quantity of milk produced is 600 gallons per day, what is the ... (Read 73 times)

cartlidgeashley

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In the figure above, when the quantity of milk produced is 600 gallons per day, what is the deadweight loss?
 
  A) 250
  B) 125
  C) 500
  D) 50

Question 2

The increase in the demand for widgets, shown in the figure above, is the result of an increase in income. Therefore, widgets
 
  A) are a normal good.
  B) are an inferior good.
  C) are elastically demanded.
  D) are inelastically demanded.



Viet Thy

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Answer to Question 1

A

Answer to Question 2

A



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