Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and Los Angeles does not. Auto insurance will probably be more expensive in _____ since the _____ for insurance is _____. Select one: a. Barcelona; demand; higher than it is in Los Angeles b. Barcelona; supply; lower than it is in Los Angeles c. Los Angeles; demand; higher than it is in Barcelona d. Los Angeles; supply; lower than it is in Barcelona
Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and Los Angeles does not. Auto insurance will probably be more expensive in _____ since the _____ for insurance is _____. Select one: a. Barcelona; demand; higher than it is in Los Angeles b. Barcelona; supply; lower than it is in Los Angeles c. Los Angeles; demand; higher than it is in Barcelona d. Los Angeles; supply; lower than it is in Barcelona
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
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Barcelona and Los Angeles are similar, except Barcelona has a good public transportation system and Los Angeles does not. Auto insurance will probably be more expensive in _____ since the _____ for insurance is _____.
Select one:
a. Barcelona; demand ; higher than it is in Los Angeles
b. Barcelona; supply; lower than it is in Los Angeles
c. Los Angeles; demand; higher than it is in Barcelona
d. Los Angeles; supply; lower than it is in Barcelona
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