✓ [Choose] the minimum amount of flip-flops consumers will purchase the amount consumers are willing and able to spend for 500 million pairs of flip-flops the amount consumers will spend to purchase 500 million pairs of flip-flops the consumers' surplus (i.e. how much consumers save) when 500 million pairs of flip-flops are purchased the maximum amount of flip-flops consumers will purchase
✓ [Choose] the minimum amount of flip-flops consumers will purchase the amount consumers are willing and able to spend for 500 million pairs of flip-flops the amount consumers will spend to purchase 500 million pairs of flip-flops the consumers' surplus (i.e. how much consumers save) when 500 million pairs of flip-flops are purchased the maximum amount of flip-flops consumers will purchase
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
100%
match these descriptions with the graphs
please double check your work
![C)
↑D(p) million pairs
1100+
+0001
+006
+008
700+
+009
pS per pair
Pmay
20
10 Po
✓ [Choose]
the minimum amount of flip-flops consumers will purchase
the amount consumers are willing and able to spend for 500 million pairs of flip-flops
the amount consumers will spend to purchase 500 million pairs of flip-flops
the consumers' surplus (i.e. how much consumers save) when 500 million pairs of flip-flops are purchased
the maximum amount of flip-flops consumers will purchase](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F770ac387-8d22-49ca-9e5c-493c08c01872%2F4d1eb811-053b-4060-8527-fccfe9c0a4dd%2F0ythj0w_processed.jpeg&w=3840&q=75)
Transcribed Image Text:C)
↑D(p) million pairs
1100+
+0001
+006
+008
700+
+009
pS per pair
Pmay
20
10 Po
✓ [Choose]
the minimum amount of flip-flops consumers will purchase
the amount consumers are willing and able to spend for 500 million pairs of flip-flops
the amount consumers will spend to purchase 500 million pairs of flip-flops
the consumers' surplus (i.e. how much consumers save) when 500 million pairs of flip-flops are purchased
the maximum amount of flip-flops consumers will purchase
Transcribed Image Text:Match each shaded area of the graph with the description of what it represents.
A)
1100-
1000
900
800
700
600
500
400
300
200
100-
B)
1100
1000
900-
800+
700
600
500
400
300
200
100-
D(p) million pairs
D(p) million pairs
10 P
10 Pe
20 P
S per pair
PS per pair
20 P
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