A "Spider-man" DVD is worth $30 to Marcus. But he buys one on sale for just $15. What is the consumer surplus that results from Marcus's purchase? $10 $25

Q: If the demand for airline traveling increases,

A: As the demand increases, the demand curve shifts towards right and with the decrease in demand the…

Q: how did we get price at $10?

A: As discussed earlier, the monopolist has complete and maximum market power. A Monopolist produces…

Q: If the price of X decreases and this decreases the demand for Y, then

A: If the quantity demanded of a commodity decrease due to change in the price of another commodity is…

Q: You own a company that produces coasters. You set the price at $10 for a set of six coasters. Then…

A: A company generally works towards maximizing its profit and a company maximizes its profit by…

Q: Suppose the demand curve for notebook is Q = 10,000 – 500P, where Q is number of notebooks per month…

A: Given demand curve :- Q = 10000 - 500P Inverse demand curve :-

Q: What are the factors affecting the demand for processed foods?

A: Demand may be defined as the number of customers who are ready, willing, and able to purchase a…

Q: There is a market for second-hand cars. There are 100 good cars and 100 bad cars, and there are 200…

A:

Q: Explain what happen if a supplier charged more than the market price

A: The supply of a good is the amount of goods supplied by the producer at different level of prices.…

Q: You are considering subscribing to Hulu. You are willing to pay up to $12 per year for a…

A: The excess of a product's social value above its real price is known as the "consumers' surplus,"…

Q: what are Factors affecting the demand of gasoline

A: Demand for Gasoline Gasoline is a generally inelastic product, which means that price fluctuations…

Q: Draw a supply and demand curve for cheeseburgers. Cattle farmers created a supplement to give to…

A: The demand(dd) curve shows us the negative relation that exists between the price(P) of a product…

Q: An all-you-can-eat buffet invites various types of customers. The ones who value food at $20 but eat…

A:

Q: budget surplus, what could you do about it?

A: If I have a budget surplus that is my total revenue of a period ( say month) is greater than total…

Q: Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: how will government change the supply or demand of computer chips to end the shortage?

A: The government could provide subsidies to computer chip manufacturers, which would increase the…

Q: Who does elasticity matter to the most? The government, the firm/business, or the…

A: The change in behavior of buyers and sellers with changing price is explained by the term…

Q: Draw a supply and demand graph for new cars. Show the impact that the 2008-09 recession (with the…

A: Demand is the quantity of a product or service that consumers are willing and able to buy at a given…

Q: What are the factors that caused the consumer surplus?

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: The Government places a luxury tax on cars that sell for over $50k.  What would happen to the supply…

A: The impact of the tax on the demand-supply equilibrium level of output and price is to move the…

Q: Organic eating is the new trend! What is the impact that supply and demand have on pricing?

A: The market is a place where the buyers and the sellers interacts with each other and the exchange of…

Q: human want or need is called A. Service B. Demand C. Utility

A: So all the actual aspirations and the basic desires of the human are totally known as the human…

Q: hat is the consumer surplus is you buy a 65 inch 4K tv you have wanted for $5

A: Consumer surplus refers to the economic measure of extra benefit of consumers. consumer surplus is…