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Author Question: In the above figure, if the market produces the efficient amount of purses, then consumer surplus ... (Read 65 times)

student77

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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.


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mtmmmmmk

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

A

Answer to Question 2

C


student77

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Reply #2 on: Jun 29, 2018
Correct answers!


mtmmmmmk

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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