In the preceding problem, drop the assumption that everyone is identical. Some hate pollution more than others do. The one person in Grimyville who hates pollution the most considers the cost of breathing it to be $100 per month. Required:
a. Explain why the demand curve for Grimyville apartments is downward sloping. At what price does it cross the supply curve? Draw the supply and demand curves for Grimyville apartments and show the consumers’ and producers’ surpluses.
b. Suppose that the air in Grimyville is brought up to Cleantown standards. Show the effects of this change on your graph. Show the increase in social gain. Who benefits from the clean air? Who loses from it?

Drag the tiles to the correct boxes to complete the pairs. match the scenarios with terms related to financial aid. entrance counseling fafsa financial need megan is planning to pursue an undergraduate degree in chemistry. but since her father lost his job five years ago, the family had been unable to save up enough for megan's education. arrowright kunal recently learned that he is going to receive a student loan. now he needs to attend a session in which he will learn the how the loan process works, as well as his responsibilities as a borrower. arrowright josie created an fsa id and completed a long application form online. the form asked for a lot of financial details about josie and her family. arrowright

The servers at gerry frasier's busy ice cream shop decided that putting more ice cream in the sundaes and cones would bring back more customers. after three months, gerry was surprised to discover that his profit had

Which statement defines the term price ?