Inferior good:
Demand for that good decreases of the average income of the population increases.
Demand of that good increases of the average income of the population decreases.
Answer:
C
Explanation:
Inflation is a persistent rise in general price level
Rise in Inflation rate = 220 / 200 - 1 = 10%
Rise in tuition fees = 115 / 100 - 1 = 15%
From the calculations, the percentage change in tuition fees is higher than the percentage change in inflation rate
Answer:
$13
$9
Explanation:
Total surplus is the sum of consumer surplus and producer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price he pays for the good.
Consumer surplus = willingness to pay - price of the good
Producer surplus is the difference between the least amount a seller is willing to sell his product and the price he sells the product.
Producer surplus = price of the good - least price the seller is willing to sell his product
Total surplus = consumer surplus + producer surplus
Total surplus = willingness to pay - price of the good + price of the good - least price the seller is willing to sell his product
Prices cancel out
Total surplus = willingness to pay - least price the seller is willing to sell his product
A. Total surplus = $18 - $5 = $13
B. Total surplus = $16 - $7 = $9
I hope my answer helps you
Answer:
Explanation:
Vấn đề sử dụng nước sạch ở trường đại học, thực trạng và giải pháp
Expectations, categorization, inferences, maintenance.
Categorization, inferences, expectations, maintenance.
Inferences, categorization, expectations, maintenance.
Categorization, expectations, inferences, maintenance
