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Author Question: The figure above shows the market for milk. If 250 gallons of milk a day are available, the ________ ... (Read 44 times)

james9437

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on: Jun 29, 2018
The figure above shows the market for milk. If 250 gallons of milk a day are available, the ________ price that consumers are willing to pay for the last gallon is ________.
 
  A) maximum; 2.50
  B) minimum; 2.50
  C) maximum; 3.25
  D) minimum; 3.25

Question 2

The price level in India increases from 131 to 137 while its trading partners' price levels remain constant. As a result, people will buy ________ Indian-made goods and there will be a movement ________ along India's aggregate demand curve.
 
  A) more; upward
  B) more; downward
  C) less; downward
  D) less; upward


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dajones82

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

A

Answer to Question 2

D


james9437

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

JaynaD87

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Reply 3 on: Yesterday
Excellent

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