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barmour44 barmour44
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5 years ago

Question 1.

Use the following demand schedule for apples to draw a graph of the demand curve. Be sure to label the demand curve and each axis, and show each point on the demand curve.

Price (dollars per bushel)Quantity (thousands of bushels)
3020
2540
2060
1580
10100


Question 2.

In October 2005, the U.S. Fish and Wildlife Service banned the importation of beluga caviar, the most prized of caviars, from the Caspian Sea. What happened in the market for caviar in the United States?

• The supply curve shifted to the left.

• The supply curve shifted to the right.

• The demand curve shifted to the right.

• The demand curve shifted to the left.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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KaajalpKaajalp
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5 years ago
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barmour44 Author
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#2
5 years ago
This site is awesome!
wrote...
#3
5 years ago
Slight Smile Good luck on the rest
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