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Author Question: FIGURE 5-5Refer to Figure 5-5. At the market-clearing price and quantity of $30 per hour and 4000 ... (Read 156 times)

meganh99

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on: Oct 12, 2022




FIGURE 5-5

Refer to Figure 5-5. At the market-clearing price and quantity of $30 per hour and 4000 hours of gardening services, we can say that


◦ economic surplus could be increased at a higher price because firms would generate more revenue.
◦ economic surplus could be increased at a lower price because there would be more value to consumers.
◦ the market is inefficient because there are some consumers who are not purchasing at this price.
◦ economic surplus is maximized and the market is efficient.
◦ the market is efficient because the government has imposed a market-clearing price and quantity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by meganh99 on Oct 12, 2022

Karla347

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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meganh99

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

hollysheppard095

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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