The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6

-In 2001, Alex Rodriguez, a baseball player, was given a contract paying about $25 million per year.This contract was significantly higher than that of any other player in baseball.One explanation for "A-Rod" receiving such high compensation is the superstar effect.

Question

The following figures show the demand (D) and supply (S) curves of micro and macro economists.Figure 16.6
 
-In 2001, Alex Rodriguez, a baseball player, was given a contract paying about $25 million per year.This contract was significantly higher than that of any other player in baseball.One explanation for "A-Rod" receiving such high compensation is the superstar effect.

Quizplus · Accepted Answer

The question and the figures provided do not give any information or indication about the compensation of Alex Rodriguez or any other individual. The question about A-Rod's contract is a separate and unrelated statement.

The Following Figures Show the Demand (D) and Supply (S)