Ted and Joe each consume peaches, x, and plums, y. The consumers have identical utility functions, with Together, they have 10 peaches and 10 plums. Verify whether each of the following allocations is on the contract curve: a) (1 marks) Ted: 8 plums and 9 peaches; Joe: 2 plums and 1 peach. b) (1 marks) Ted: 1 plum and 1 peach; Joe: 9 plums and 9 peaches.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.