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

Author Question: If sellers compete against buyers, then A) sellers would prefer to face more buyers in the ... (Read 132 times)

Brittanyd9008

  • Hero Member
  • *****
  • Posts: 500
on: Jun 29, 2018
If sellers compete against buyers, then
 
  A) sellers would prefer to face more buyers in the market.
  B) sellers would prefer to face fewer buyers in the market.
  C) buyers would prefer to face fewer sellers in the market.
  D) buyers would prefer to face more sellers in the market.
  E) both B and C are true.

Question 2

Refer to the figure above. If a price control is imposed at 8, what is the gain in consumer surplus?
 
  A) 5
  B) 10
  C) 15
  D) 20


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

B


Brittanyd9008

  • Member
  • Posts: 500
Reply 2 on: Jun 29, 2018
Wow, this really help

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Pronation and Supination Pronation–Lying prone (face downward); also turning the palm downward. Supi Pronation and Supination Pronation–Lying prone (face downward); also turning the palm downward. Supi
The New Face of America The New Face of America
Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo
Neanderthal Expressive Culture: “Face” in Worked Flint Neanderthal Expressive Culture: “Face” in Worked Flint
Face cradle adjustment for comfort of receiver. Face cradle adjustment for comfort of receiver.
Major muscles of the face and head. Major muscles of the face and head.
Video: Stimulus (introduction)

For a complete list of videos, visit our video library