Suppose that bananas are a normal good and Woody is currently consuming 100 bananas at a price of 10 cents each.
举一反三
- Bananas and apples are substitutes. When the price of bananas falls and a technological advancement in apple production occurs at the same time:
- 中国大学MOOC: “Bananas are good for your health.” This is an argument.
- “Go bananas” means that “go to buy some bananas”.
- Suppose that a consumer is consuming 10 units of a discrete good and the price increases from $5 per unit to $6. However, after the price change the consumer continues to consume 10 units of the discrete good. What isthe loss in the consumer’s surplus from this price change? A: $ 0 B: $ 4 C: $ 5 D: $ 10
- · You will hear the conversation twice. Which statement is NOT true about bananas A: Bananas were among the first plants ever to be domesticated. B: Bananas are an extremely nourishing food. C: Bananas were first domesticated in England.