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:b. Tim wanted a high return, even if it meant taking some risk, so he purchased stock issued by Specific Electric instead of bonds issued by Specific Electric.
Explanation:
Answer:
Undifferentiated; homogeneous
Explanation:
By saying they are undifferentiated, Walmart is positioning itself as a store that, just like the clients, prefers low prices over everything else. In this way, they present themselves as a company that is of the same nature as their target audience.
Answer:
like a deflected dutch
Explanation:
How were the people that settled the middle colonies different from those in New England? They were influenced by other nations, like Dutch. They came from a wide variety of backgrounds. ... It had a good Atlantic harbor and it divided New England from the Southern colonies.
