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 33 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
YES! Correct, THANKS for helping me on my review

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
Creed - With Arms Wide Open Creed - With Arms Wide Open
The illusory bands visible in this figure are often called Mach bands, although Mach used a ... The illusory bands visible in this figure are often called Mach bands, although Mach used a ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Figure and Ground Figure and Ground
If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance? If the frequency equals 60 Hz in Figure 10-1, what is the value of capacitance?
Video: Rh blood type and complications during pregnancy & Fertilization

For a complete list of videos, visit our video library