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Author Question: If price equals 0, then consumer surplus a. is 0 b. is maximized c. is price times quantity d. ... (Read 154 times)

futuristic

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on: Jul 1, 2018
If price equals 0, then consumer surplus
 a. is 0
  b. is maximized
  c. is price times quantity
  d. is equal to marginal utility
  e. cannot be determined

Question 2

The market demand curve is
 a. any individual's demand curve multiplied by the number of consumers in the market
  b. the relationship between income and quantity demanded
  c. the horizontal sum of the individual demand curves for all consumers in the market
  d. the vertical summation of all individual demand curves
  e. the sum of prices paid at each quantity demanded


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mochi09

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

C


futuristic

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  • Posts: 638
Reply 2 on: Jul 1, 2018
Excellent

LVPMS

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Reply 3 on: Yesterday
Wow, this really help

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