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

589 views10 pages
3 Jul 2018
Department
Course
Professor

Document Summary

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.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents