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Author Question: Refer to the figure above. What is the quantity effect of a price increase from 3 to 5? A) 200 ... (Read 64 times)

jasdeep_brar

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on: Jun 29, 2018
Refer to the figure above. What is the quantity effect of a price increase from 3 to 5?
 
  A) 200
  B) 600
  C) 800
  D) 1,000

Question 2

Cartels display a pronounced tendency to disintegrate over time because
 
  A) increased profits induce laziness and carelessness among cartel members.
  B) nobody benefits in the long run from their operation since they merely redistribute wealth.
  C) their operation is so blatantly contrary to the public interest.
  D) there are so many margins on which competition can occur.


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kingfahad97

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

B

Answer to Question 2

D


jasdeep_brar

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


kingfahad97

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


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