This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In the above figure, if the market produces the efficient amount of purses, then consumer surplus ... (Read 86 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
In the above figure, if the market produces the efficient amount of purses, then consumer surplus equals triangle
 
  A) abc.
  B) bcd.
  C) adc.
  D) cgf.

Question 2

The equilibrium price is the price at which the quantity
 
  A) sold equals the quantity bought.
  B) demanded equals the quantity sold.
  C) demanded equals the quantity supplied.
  D) supplied equals the quantity bought.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


student77

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 29, 2018
Correct answers!


mtmmmmmk

  • Sr. Member
  • ****
  • Posts: 335
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Independent assortment produces 50 percent recombinants Independent assortment produces 50 percent recombinants
Lewis symbols,(Figure 1) Lewis symbols,(Figure 1)
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Ugonachomma display figure, Igbo, Nigeria. Ugonachomma display figure, Igbo, Nigeria.
Preserve Your Vitamins! Cook your vegetables in a small amount of water Preserve Your Vitamins! Cook your vegetables in a small amount of water
Swimming Pool (Figure 3.1) Swimming Pool (Figure 3.1)
Video: How does asthma work?And How do you treat asthma?

For a complete list of videos, visit our video library