Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
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Chapter 4, Problem 21QE
To determine

The high line of taxies at airports and their expected return from the waiting.

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In the North, if the price goes down by $0.20 per pound, then the quantity supplied in the North goes down by 200 pounds per year. If the price of cherries goes down by $0.20 in the South, what will happen to the quantity supplied? There is not enough information given to determine the supply change in the South.   The quantity will decrease by 200 pounds per year.   The quantity will increase by 200 pounds per year.   The quantity will increase by 100 pounds per year.
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