Question
Suppose in the market for canoes demand is given by P = 30 - 1.5Qd. If a popular news station runs a story on the
Suppose in the market for canoes demand is given by P = 30 - 1.5Qd. If a popular news station runs a story on the dangerous and scary fish in lakes, what could be the new reservation price for the 13th canoe?
a.10.5
b.11.5
c.11
d.10
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Microeconomics Principles, Problems and Policies
Authors: Campbell R. McConnell, Stanley L. Brue, Sean Masaki Flynn
20th edition
978-0077660819, 77660811, 978-1259450242
