Question: 28.Running a supermarket involves: Multiple Choice a lower level of risk than running a gourmet shop. a higher level of risk than running a gourmet

28.Running a supermarket involves: Multiple Choice a lower level of risk than running a gourmet shop. a higher level of risk than running a gourmet shop. the same level of risk as running a gourmet shop. All of the statements associated with this question are correct.

31.Suppose that three consumers are in the market for good X. Consumer 1's (inverse) demand is PX = 40 QX; Consumer 2's (inverse) demand is PX = 50 2QX; and Consumer 3's (inverse) demand is PX = 70 4QX. When PX = $20, the market will demand:

41 units. 19.5 units. 47.5 units. None of the statements is correct.

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