1. Christian and Clarabelle are college friends who each eat three packages of ramen noodles each week. After graduation last month, both were hired at several times their college income. Christian does enjoy ramen noodles very much and buys even more, but Clarabelle plans to buy fewer ramen noodles in fever of foods she prefers more. When looking at income elasticity of demand the ramen noodles, Christian would.

A) be negative, and Clarabelle's would be positive

B) be positive, and Clarabell's would be negative

C) Be zero, and Clarabelle's would approach infinity

D) approach infinity, and Clarabelle's would be zero

2) Roland mows Karla's lawn for $25. Rolands opportunity cost of mowing Karla's lawn is $20, and Karla's willingness to pay Roland to mow her lawn is $28.

Refer to Scenario 8-2. Assume Roland is required to pay a tax of $3 each time he mows a lawn. Which of the following results is most likely?

Refer to Scenario 5-2 Assume Role following results is most likely? a. Karla now will decide to mow her own brun, a now Karls's town. b. Karla is willing to pay Roland to mou ber lawn, but Roland will decline ber offer. c. Roland is willing to mow Karls's lawn, but Karls will decide to mow ber own brun d Roland and Karla still can engage in a mutual greeable trade