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

Author Question: Refer to the figure above. What is the gain in the market-wide consumer surplus when the price of ... (Read 59 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: Jun 29, 2018
Refer to the figure above. What is the gain in the market-wide consumer surplus when the price of calculators changes from 6 to 3?
 
  A) 565
  B) 580
  C) 950
  D) 1050

Question 2

The law of supply refers to the fact that, all other things remaining the same, when the price of a good rises
 
  A) the supply curve shifts leftward.
  B) the supply curve shifts rightward.
  C) there is a movement up along the supply curve to a larger quantity supplied.
  D) there is a movement down along the supply curve to a smaller quantity supplied.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mmpiza

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


student77

  • Member
  • Posts: 567
Reply 2 on: Jun 29, 2018
:D TYSM

daiying98

  • Member
  • Posts: 354
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages Demonstrate the Application of Triangular, Figure-Eight, and Tubular Bandages
Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers. Move joints in hands. Apply scissoring to metacarpals and figure-8s to fingers.
Environmental and Lifestyle Factors of Weight Gain Environmental and Lifestyle Factors of Weight Gain
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
The cube of insulating material shown in the figure has one corner at the origin. Each side of ... The cube of insulating material shown in the figure has one corner at the origin. Each side of ...
Video: Osmosis - water transport

For a complete list of videos, visit our video library