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Author Question: Refer to the table above. If the market price of wine is 8/bottle, and the market demand for wine is ... (Read 127 times)

Beheh

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on: Jun 30, 2018
Refer to the table above. If the market price of wine is 8/bottle, and the market demand for wine is 19 bottles, David's consumption of wine is:
 
  A) 4 bottles. B) 9 bottles. C) 7 bottles. D) 12 bottles.

Question 2

Other things being equal, the lower planned real expenditures along an aggregate demand curve are, the
 
  A) lower the level of endowments.
  B) higher the price level.
  C) lower the price level.
  D) more the production possibilities cure shifts to the left.


jessicaduplan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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Beheh

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Reply #2 on: Jun 30, 2018
Thank you :)


jessicaduplan

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Reply #3 on: Jun 30, 2018
Happy to help you


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