homework #3

homework #3 - 5C(8-6(3/2 = $3 5D(8-4(6/2 = $9 6B Change in...

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1 Dr. Popp AGEC 1103 12 February 2006 Assignment 3 2. Product A because it has the largest utility. 3A. 3B. Inelastic 3C. Elastic 4. These goods are inferior. 5. B. is the surplus. 5B. Yes, you are better off. The change is C.
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Unformatted text preview: 5C. (8-6) (3)/2 = $3 5D. (8-4) (6)/2 = $9 6B. Change in demand. 10. B 11. D 12. D 13. Ceteris Paribus 14. B 15. C 8....
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This note was uploaded on 04/27/2008 for the course AGEC 1103 taught by Professor Popp during the Spring '08 term at Arkansas.

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