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

Author Question: In the above figure, the individual's consumer surplus will be highest if A) the price of ice ... (Read 63 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: Jun 29, 2018
In the above figure, the individual's consumer surplus will be highest if
 
  A) the price of ice cream is 5 per gallon.
  B) the price of ice cream is 3 per gallon.
  C) the price of ice cream is 2 per gallon.
  D) ice cream is free.

Question 2

With rent controls set below the equilibrium rent, what mechanism might arise that moves the market closer to the efficient equilibrium?
 
  A) decreased search costs
  B) black market activity
  C) increased advertising by landlords
  D) more favorable leases offered to tenants


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

jordangronback

  • Member
  • Posts: 339
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Top down view of Olympus Mons, the highest known mountain in the solar system Top down view of Olympus Mons, the highest known mountain in the solar system
Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t Bronchoscopy. Figure illustrates physician using a bronchoscope to inspect the patient’s bronchial t
Jean Piaget influenced the field of developmental science more than any other individual. Jean Piaget influenced the field of developmental science more than any other individual.
Human Figure Human Figure
Figure 2.15.jpg Figure 2.15.jpg
Video: The Lac Operon in E. Coli

For a complete list of videos, visit our video library