Econ HomeWork ~ Pls Help

[匿名]

2009-02-17 3:16 am

In what way does a person attain his/her equilibrium in consumption?
Give reason why people normally buy more of a goods at alower price level.

回答 (2)

[匿名]

2009-02-25 8:46 am

✔ 最佳答案

That is AL questions right?

the person attain his equilibrium when the price equal to the MUV
P=MUV

because if the P<MUV, the consumer buy one more good, then the consumer surplus would greater, if the P>MUU, the consumer buy less good, the CS would greater, so the equilibrium is P=MUV

the next question

based on the law of demand, the price and the Qd have the negative relationship. buy more at the lower price becuase if the price lower, P would lower than the MUV, thus based on the assumsion of person would maximise the wealth(CS), people would buy more at the lower price level.

hope that i can help you
please feel free to find me if you still have any/new questions.

參考: I got A grade in both HKCEE AND AL and doing a private tutor, so I know the syll a lot.

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SHIRLEY

2009-02-27 6:20 am

Well Great..thanks a lot...any other subject u good at ?

2009-02-26 22:22:31 補充：
Thanks A lot

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