A) Suppose there is a large decrease in the demand for eggs due to changes in consumer tastes, and a
Question:
A) Suppose there is a large decrease in the demand for eggs due to changes in consumer tastes, and a small
decrease in the supply of eggs as a result of an outbreak of Avian flu. Discuss the impact of these factors
on the equilibrium price and quantity of eggs. (3 points)
B) True, False, Uncertain and Explain: A consumer maximizes her utility by choosing the combination of
goods where her marginal benefit is the greatest. (3 points)
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Type of Deliverable: Word Document
Type of Deliverable: Word Document
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