ECON 2100 Midterm: ECON 2100 Kennesaw State ECON2100 Summer2013 Exam2A Key
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Madison is contemplating the purchase of a new tennis racket. If madison buys a tennis this item is. 45 br racket at target she would realize a consumer"s surplus of: Consider a market in which the efficient level of trade is 125,000 units. There would be a positive deadweight-loss if __________ units were traded. My brother manages a city-owned golf course in wilkes-barre, pa. He wants to increase the total revenue generated by the golf course in order to more easily cover operating expenses. The mayor suggests that total revenue could be increased by decreasing the price of a round of golf. The parks and recreations manager believes that changing price will not alter (will not increase and will not decrease) total revenue. Based upon this information it appears as if the mayor believes that demand is ____________ while the parks and recreations manager believes demand is ____________. elastic; unit elastic.
