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Author Question: Consider the pizza market, with a downward-sloping demand curve and an upward-sloping supply curve. ... (Read 117 times)

Austinleez3

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on: Oct 12, 2022

Question 1

Consider the substitution and income effects of a 15% increase in the price of a good. Of the goods listed below, which is most likely to have the largest income effect?
◦ salt
◦ paperclips
◦ socks
◦ electricity
◦ tennis balls

Question 2

Consider the pizza market, with a downward-sloping demand curve and an upward-sloping supply curve. Suppose 100 pizzas are purchased at the free-market equilibrium price. The consumer surplus on the 100th pizza is
◦ non-negative.
◦ positive.
◦ unknown.
◦ zero.
◦ negative.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Austinleez3 on Oct 12, 2022

sin

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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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Austinleez3

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

sultana.d

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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