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Author Question: The above figure shows the market for french fries at fast food joints. If the price of potatoes ... (Read 94 times)

madam-professor

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on: Jun 29, 2018
The above figure shows the market for french fries at fast food joints. If the price of potatoes rises and simultaneously people become concerned that french fries can cause heart attacks the
 
  A) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries does not shift.
  B) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S2 to S1.
  C) demand curve for french fries shifts from D2 to D1 and the supply curve of french fries shifts from S1 to S2.
  D) demand curve for french fries does not shift, and the supply curve of french fries shifts from S1 to S2.

Question 2

Other things remaining the same, which of the following is likely to decrease both the wage rate and the number of workers hired in a tea estate?
 
  A) An increase in the price of tea
  B) A decrease in the price of tea
  C) A decrease in the opportunity cost of leisure
  D) An increase in the opportunity cost of leisure
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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shoemake

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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madam-professor

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

dantucker

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Reply 3 on: Yesterday
Excellent

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