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Author Question: Sandra consumes two goodstea and coffee. Her demand for tea is inelastic while her demand for coffee ... (Read 26 times)

kamilo84

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on: Jun 29, 2018
Sandra consumes two goodstea and coffee. Her demand for tea is inelastic while her demand for coffee is elastic. If there is an increase in the price of both tea and coffee, ________.
 
  A) Sandra's expenditure on both tea and coffee is likely to increase
  B) Sandra's revenue on both tea and coffee is likely to decrease
  C) Sandra's expenditure on tea will increase and her expenditure on coffee will decrease
  D) Sandra's expenditure on coffee will increase and her expenditure on tea will decrease

Question 2

Relative to free trade, when a tariff is imposed in a market for an imported good,
 
  A) the consumer surplus in that market increases.
  B) the producer surplus in that market decreases.
  C) the total surplus in that market decreases.
  D) tariff revenue decreases.
  E) deadweight loss decreases.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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lcapri7

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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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kamilo84

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

coreycathey

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Reply 3 on: Yesterday
Excellent

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