Answer:
Llamas and alpacas have been used by humans for transportation and fleece production for a few thousand years. Both species are primarily found in Peru and Bolivia and are part of the camel family, Camelidae.
Explanation:
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Answer:
b. the total consumer surplus will be the area beneath the demand curve but above the current price of backpacks
Explanation:
A situation where there are many buyers in the backpack market indicates that the demand for this product is high, so the consumer surplus that will be received by the backpack manufacturer will depend on how much the consumer is willing to pay for the backpack, in which case Total consumer surplus will be the area below the demand curve, but above the current price of the backpacks.
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Answer:
Without public goods, we wouldn't have schools, parks, or rec centers, to name a few examples.