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Author Question: The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, ... (Read 45 times)

s.tung

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on: Jun 29, 2018
The figure above shows the market for coffee. Coffee is a normal good. If consumers' incomes fall, the efficient quantity of coffee will ________ and the producer surplus will ________.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; decrease
  D) decrease; increase

Question 2

The above table describes the accounts for the country of Pacifica. Using this information, net exports for Pacifica equals
 
  A) 100.
  B) 900.
  C) -100.
  D) 650.


jaymee143

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

C

Answer to Question 2

A


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