If firms that practice second degree price discrimination use more block prices,
A) both consumer surplus and welfare will decrease.
B) both consumer surplus and welfare will increase.
C) consumer surplus will decrease, but welfare will increase.
D) consumer surplus will increase, but welfare will decrease.
C
Economics
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The quantity of loanable funds demanded increases if the real interest rate falls, all other things remaining the same, because the real interest rate
A) is the opportunity cost of investment. B) is not related to the price of bonds and stocks. C) affects the supply of saving which, in turn, determines the quantity of investment. D) affects the quantity of saving supplied. E) determines the cost of living.
Economics
Explain how the AA schedule is derived
What will be an ideal response?
Economics