Microeconomics 19th Edition by Campbell McConnell,Stanley Brue,Sean Flynn

تمرين 7

In 2006, Willem de Kooning's abstract painting Woman III sold for $137.5 million. Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable?" Provide an answer