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Author Question: Refer to the figure above. What is the gain in the market-wide consumer surplus when the price of ... (Read 64 times)

student77

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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.


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mmpiza

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


student77

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

bassamabas

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Reply 3 on: Yesterday
:D TYSM

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