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Author Question: Using the above figure, an increase in the demand for Dutch goods by U. S. consumers will lead to ... (Read 101 times)

naturalchemist

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on: Jun 29, 2018
Using the above figure, an increase in the demand for Dutch goods by U. S. consumers will lead to
 
  A) a depreciation in the Dutch currency.
  B) an appreciation in the Dutch currency.
  C) an increase in the supply of Dutch currency as foreign exchange.
  D) a decrease in the supply of Dutch currency as foreign exchange.

Question 2

If the price of a pizza increases and the demand curve for pizza does not shift, then the consumer surplus from pizza will ________.
 
  A) increase
  B) decrease
  C) equal the producer surplus if the market produces the efficient quantity of pizza
  D) remain the same


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catron30

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

B

Answer to Question 2

B


naturalchemist

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Reply #2 on: Jun 29, 2018
Thank you :)


catron30

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Reply #3 on: Jun 29, 2018
Happy to help you


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