**Self-Test**1. If more people want to move from California to Texas than want to move from Texas to California, might U-Haul rates reflect this difference? Explain your answer.---**5-2 Application 2: Subsidizing the Consumption of Anything Can Raise Its Price**Any point on a demand curve represents the highest price (maximum) that buyers will pay per unit for a specific quantity of a good. With this in mind, look at point D on the demand curve, D1. The highest price that buyers will pay for this good here is $10.

U –Hauls rates refers to the rate of moving truck if people want to move from one city to other…

Answered: 1. If more people want to move from…

1. If more people want to move from California to Texas than want to move from Texas to California, might U-Haul rates reflect this difference? Explain your answer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

**Self-Test**

1. If more people want to move from California to Texas than want to move from Texas to California, might U-Haul rates reflect this difference? Explain your answer.

---

**5-2 Application 2: Subsidizing the Consumption of Anything Can Raise Its Price**

Any point on a demand curve represents the highest price (maximum) that buyers will pay per unit for a specific quantity of a good. With this in mind, look at point D on the demand curve, D1. The highest price that buyers will pay for this good here is $10.

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