Sarah's Demand Curve for Shoes Has the Same Slope as Pete's;

question 14

Multiple Choice

Sarah's demand curve for shoes has the same slope as Pete's; however,it lies to the right of Pete's.An increase in the price of shoes will cause

• A) Sarah to incur a greater loss of consumer surplus than Pete will.
• B) Pete to incur a greater loss of consumer surplus than Sarah will.
• C) Sarah and Pete to incur the same loss of consumer surplus.
• D) Sarah's demand curve to shift closer to Pete's.

---

Definitions:

Angels

Affluent individuals who provide capital for business start-ups, often in exchange for convertible debt or ownership equity.

Wealthy Individuals

Affluent persons with significant disposable income, often targeted by companies or fund managers as potential investors in ventures or high-value products.

Formal Investors

Institutional or accredited investors who officially engage in funding businesses, typically through structured deals involving equity or debt financing.

Creative Bootstrapping

Innovative and resourceful ways of financing a startup or project with minimal external assistance, relying heavily on internal resources and clever strategies.