Use the following information to answer the next 2questions.

Suppose that J. Jonah Jameson, Spidey's boss, decides to expandbeyond New York City and announces his intention to sell The BugleNewspaper to the newly established (and highly lucrative) Wakandamarket. (Note: Spider-man's photos are used by The Daily Bugle;Wakanda also really likes photos.)

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O Question 30 True or False: J. Jonah Jameson s decision to expand beyond New York City and sell newspapers (and photos) to the Wakanda Market. The following graph is the correct representation of this event. P True Market for Photos 1 I D₁ -S₁ 2 pts D₂ Question 31 What happens to the price and quantity of the photos after expanding into the Wakanda market? Price Increases O Quantity Increases Price Decreases Quantity Decreases Price Does Nothing 2 pts O Quantity Does Nothing O Question 30 True or False: J. Jonah Jameson s decision to expand beyond New York City and sell newspapers (and photos) to the Wakanda Market. The following graph is the correct representation of this event. P True Market for Photos 1 I D₁ -S₁ 2 pts D₂ Question 31 What happens to the price and quantity of the photos after expanding into the Wakanda market? Price Increases O Quantity Increases Price Decreases Quantity Decreases Price Does Nothing 2 pts O Quantity Does Nothing

Answer rating: 100% (QA)

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