1-803-07A Lecture Notes - Lecture 18: Erotic Massage, Deadweight Loss, Demand Curve

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3 Jul 2018
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This exam has three (3) parts and is worth a total of 100 points. You have two (2) hours to answer the following questions. Write your answers directly on this questionnaire, and clearly justify all your answers. Unless otherwise specified, no credit will be awarded for unjustified answers. The next four questions refer to the following information: The demands of two populations for the same good are given by the following expressions: Qb = 100 2p, where qa et qb represent the quantities demanded by each population at price p. Circle the correct answer, no explanation necessary: zero units, 50 units, 100 units, 200 units, none of the above. Circle the correct answer, no explanation necessary: 35 units, 60 units, 70 units, 110 units, none of the above. Circle the correct answer, no explanation necessary: 22. 5 units, 26. 67 units, 35 units, 45 units, none of the above.

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