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 91 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?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA Faulty outlooping produces F?, an F plasmid that contains chromosomal DNA
Reconstruction Drawing of Trajan's Market Reconstruction Drawing of Trajan's Market
Efficient Allocation of Labor between Sectors Efficient Allocation of Labor between Sectors
Figure and Ground Figure and Ground
Cut the figure into two identical parts Cut the figure into two identical parts
For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately For the circuit in Figure 1, assume ideal diodes. The peak inverse voltage is approximately
Video: Stimulus (introduction)

For a complete list of videos, visit our video library