If the price was $8, her consumer surplus would be
Demand and Utility Schedules for Packs of Star Wars Trading Cards
A. $27.
B. $19.
C. $8.
D. $3.
D. $3.
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The difference between a tariff and a quota is that the tariff revenue goes to the
A) domestic government. B) holder of the quota license. C) foreign government. D) domestic consumer. E) domestic producer.
One requirement for an effective nominal anchor is ________
A) price stability B) credibility C) fixed exchange rates D) rational expectations
Under the Gold Standard (1880-1913) gold would flow into the U.S. when
(a) U.S. exports exceeded its imports. (b) U.S. imports exceeded its exports. (c) domestic demand grew faster than domestic supply. (d) domestic supply grew faster than domestic demand.
Diversification:
A. reduces the likelihood that bad things will happen. B. means you're not likely going to be completely ruined by a single unfortunate event. C. increases the likelihood that bad things will happen. D. None of these statements is true.