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Author Question: Will scarce goods necessarily be rationed in some manner? A) Not if people agree to share them ... (Read 67 times)

Bob-Dole

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on: Jun 29, 2018
Will scarce goods necessarily be rationed in some manner?
 
  A) Not if people agree to share them equitably
  B) Not if there is enough for everyone to have what they need
  C) Not if their prices are free to rise
  D) Not if they are privately owned
  E) Yes

Question 2

Refer to the figure above. What is the consumer surplus after Lithasia opens up to free trade?
 
  A) 1
  B) 12
  C) 15
  D) 32


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macybarnes

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

E

Answer to Question 2

D


Bob-Dole

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

AmberC1996

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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