Latex gloves come in cases of 100. Last month, ABA’s sales rose from 200 gloves

Question

Latex gloves come in cases of 100. Last month, ABA’s sales rose from 200 gloves to 400; and CCG’s sales rose from two cases to four. Both examples represent a 100 percent increase. True or False

A subsidy for insurance coverage provided by an employer will

have no effect on equilibrium price and quantity for those who get the subsidy.

increase equilibrium price and quantity for those who do not get the subsidy.

drive up prices for consumers who are not eligible for the subsidy.

none of the above.

have no effect on equilibrium price and quantity for those who get the subsidy.

increase equilibrium price and quantity for those who do not get the subsidy.

drive up prices for consumers who are not eligible for the subsidy.

none of the above.

Explanation / Answer

Q1
Answer
True
ABA’s sales rose from 200 gloves to 400
=(400-200)/200=1=100%
CCG’s sales rose from two cases to four
=(4-2)/2=1=100%

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