ECON 2030 : Econ Test 1 Questions Answers 2 1
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To do this, she would have to cancel her weekly german tutoring session for which she would have been paid . Bulgaria has the comparative advantage in producing rose oil, and the countries engage in mutually beneficial trade. Suppose further that, due to a hurricane in the caribbean, the number of producers of rum decreases. Suppose further that her reservation price for seeing cobson is and her reservation price for seeing robin yukiko is . Suppose further that the world supply of brussels sprouts decreases: suppose that brussels sprouts are the main ingredient in ronni"s vegan dog. Everything else held constant, the equilibrium price of ronni"s treats will____ and the equilibrium quantity of ronni"s treats transacted will _____: decrease; increase, increase; increase, decrease; decrease, increase; decrease, suppose that bread is in inferior good. Suppose further that in a small town in june the price of a loaf of bread was . 99 and 220 leaves were consumed.
