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 97 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?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow Pneumothorax. Figure illustrates how puncture of thoracic wall and tearing of pleural membrane allow
Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers. Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers.
EYEMA-O-BYERI (Reliquary Figure) EYEMA-O-BYERI (Reliquary Figure)
How much voltage does the resistor drop in Figure 10-2? How much voltage does the resistor drop in Figure 10-2?
Iraqi market Iraqi market
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library