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Other Fields Homework Help Economics Topic started by: MrsAngelD on Nov 12, 2017



Title: Sarah's demand curve for whiskey has the same slope as Pete's; however, it lies to the right of ...
Post by: MrsAngelD on Nov 12, 2017
Sarah's demand curve for whiskey has the same slope as Pete's; however, it lies to the right of Pete's. An increase in the price of whiskey will cause
A) Sarah to incur a greater loss of consumer surplus than Pete will.
B) Pete to incur a greater loss of consumer surplus than Sarah will.
C) Sarah and Pete to incur the same loss of consumer surplus.
D) Sarah's demand curve to shift closer to Pete's.


Title: Re: Sarah's demand curve for whiskey has the same slope as Pete's; however, it lies to the right ...
Post by: Rumko on Nov 12, 2017
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