Answer:
Consumer surplus decreases by $180.
Explanation:
Current consumer surplus = $25 * 90 unit = $2250
If the price of goods drop to $23 then the new consumer surplus will be
$23 * 90 units = $2070
The change in consumer surplus is $180 .
Analyze in food prices and personal items as well.
Answer:
c. "What do you think would be a fair price?"
Explanation:
Asking the buyer about how much he is willing to pay or values the property is good response to that comment
Answer: -$500
Explanation:
The required return is the proportion of deposits that banks are supposed to keep with the central bank and in this case it is 10%.
The required reserves from the $5,000 is;
= 10% * 5,000
= $500
If the $5,000 is withdrawn from Bank A, the required reserves will decrease by $500.
