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Author Question: If a price decrease results in your expenditure on a good decreasing, your demand must be A) ... (Read 45 times)

jwb375

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on: Jun 29, 2018
If a price decrease results in your expenditure on a good decreasing, your demand must be
 
  A) inelastic.
  B) unit.
  C) elastic.
  D) linear.

Question 2

The government sets a price floor for corn which is above the equilibrium price of corn. As a result, ________.
 
  A) the corn market will be efficient
  B) a deadweight loss will be created
  C) a shortage of corn will be created
  D) none of the above answers is correct


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HandsomeMarc

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

A

Answer to Question 2

B


jwb375

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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