The quantity effect of a price decrease by a monopolist is based ...

[naturalchemist]

The quantity effect of a price decrease by a monopolist is based on:
 
  A) the Law of Supply.
  B) the Law of Demand.
  C) the Law of Increasing Returns.
  D) the Law of Diminishing Returns.

Question 2

If freezing weather destroys half of the current Florida orange crop, wealth will increase for
 
  A) almost all Florida orange growers.
  B) no Florida orange growers.
  C) some Florida orange growers and all California orange growers.
  D) some Florida orange growers and some California orange growers.

[debra928]

Answer to Question 1

B

Answer to Question 2

C

[naturalchemist]

Thanks for the timely response, appreciate it

[diana chang]

Gracias!