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Author Question: The figure above illustrates a linear demand curve. In the price range from 8 to 6, demand is ... (Read 57 times)

crobinson2013

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on: Jun 29, 2018
The figure above illustrates a linear demand curve. In the price range from 8 to 6, demand is ________ and in the price range 4 to 2, demand is ________.
 
  A) elastic; elastic
  B) elastic; inelastic
  C) inelastic; elastic
  D) inelastic; inelastic

Question 2

The figure above shows Clara's demand for CDs. At a price of 5 for a CD, the value of Clara's total consumer surplus for all the CDs she buys is
 
  A) 5.
  B) 10.
  C) 25.
  D) 125.


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qytan

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

B

Answer to Question 2

D


crobinson2013

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nyrave

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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