Documents Chapter 5 Demand: The Benefit Side of the Market Additional Qs. 1-4 Even-number Questions.

Slide 1Chapter 5 Demand: The Benefit Side of the Market Additional Qs. 1-4 Even-number Questions Slide 2 After prices of beans have been reduced, consumption of beans falls.…

Documents ECON1001 Tutorial 5. Q1.When P=$15, what is the consumer surplus each day? A)$40 B)$75 C)$105 D)$180...

Slide 1 ECON1001 Tutorial 5 Slide 2 Q1.When P=$15, what is the consumer surplus each day? A)$40 B)$75 C)$105 D)$180 E)$0 Ans:b Slide 3 First of all, how many units are traded…