26. The law of demand states that, other things equal, an increase in
26. The law of demand states that, other things equal, an increase in
a. price causes quantity demanded to increase.
b. price causes quantity demanded to decrease.
c. quantity demanded causes price to increase.
d. quantity demanded causes price to decrease.
27. Refer to Figure 4. Which of the following would cause the demand curve to shift from Demand B to
Demand C in the market for DVDs in the United States?
a. a decrease in the price of DVDs
b. a decrease in the price of DVD players
c. a change in consumer preferences toward watching movies in movie theaters rather than at home
d. a decrease in the number of people in the United States
28. Which of the following would shift the demand curve for gasoline to the right?
a. a decrease in the price of gasoline
b. an increase in consumer income, assuming gasoline is a normal good
c. an increase in the price of cars, a complement for gasoline
d. a decrease in the expected future price of gasoline
Homework Answers
26) an increase in price cause quantity demanded to decrease
option(B)
27) a decrease in the price of DVD players
option(B)
28) an increase in consumer income assuming gasoline is a normal good
option(B)
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26. The law of demand states that, other things equal, an increase in
24) An increase in the demand for bananas will NOT be caused by: A) a rise...
24) An increase in the demand for bananas will NOT be caused by: A) a rise in the price of apples. B) news that bananas help relieve stress in people buyers switching to a more healthy diet. D) a drop in the market price of bananas. 25) 26) If the demand for a good increases when there is high unemployment, we can conclude that the commodity is: 26) A) a good for which the law of demand does not apply...
ke/launchpp?course_assesment,id·46458. 1 &course,ida-161 92-1&conent_d_-975649, 1 &step rul Figure 4-20 The graph below pertains to the supply...
ke/launchpp?course_assesment,id·46458. 1 &course,ida-161 92-1&conent_d_-975649, 1 &step rul Figure 4-20 The graph below pertains to the supply of paper to colleges and universbles Refer to Figure 4-20. All be equal, the return of colege shudents to campus in the tal would cause a move from oay to x O c xtoy QUESTION 47 Figure 4-4 r to Figure 4.4. Which of the following would cause the demand curve to shit rom Demand 8 to Damand C in the market for DVDs...
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward....
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward. ii. the demand curve for DVDs will not shift. iii. there will be a movement along the demand curve for DVDs. Select one: A. i only d B. ii only C. iii only D. ii and i E. i and iii O Which of the following increases the supply of petrol? Select one: O A. A decrease in the price of a resource used...
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Question 2 (10 points) Other things remain equal, which of the following factors causes the market...
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QUESTION 30 As the price of orange juice rises, the: demand for orange juice falls. demand...
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Question 1 Other things remain unchanged, the market demand curve for a particular...
Question 1 Other things remain unchanged, the market demand curve for a particular expected to shift leftwards when the price of that product declines. . True False Question 2 Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? The costs of producing a single Blue-ray player increases. The number of firms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future. Non of the above factors causes the...
questions 20 18. A movement downward and to the right along a demand curv a. increase...
questions 20
18. A movement downward and to the right along a demand curv a. increase in demand. b. decrease in demand. c. decrease in quantity demand d increase in quantity demand. 19. The law of supply says that an increase in a price causes quantity supplied to increase. b. price causes quantity supplied to decrease. c. quantity supplied causes price to increase d. quantity supplied causes price to decrease 20. A downward-sloping demand curve shows a that demand decreases...
10. According to the language used in this class, an increase in the price of a...
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24) An increase in the demand for bananas will NOT be caused by: A) a rise in the price of apples. B) news that bananas help relieve stress in people buyers switching to a more healthy diet. D) a drop in the market price of bananas. 25) 26) If the demand for a good increases when there is high unemployment, we can conclude that the commodity is: 26) A) a good for which the law of demand does not apply...
ke/launchpp?course_assesment,id·46458. 1 &course,ida-161 92-1&conent_d_-975649, 1 &step rul Figure 4-20 The graph below pertains to the supply of paper to colleges and universbles Refer to Figure 4-20. All be equal, the return of colege shudents to campus in the tal would cause a move from oay to x O c xtoy QUESTION 47 Figure 4-4 r to Figure 4.4. Which of the following would cause the demand curve to shit rom Demand 8 to Damand C in the market for DVDs...
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QUESTION 30 As the price of orange juice rises, the: demand for orange juice falls. demand for grape juice rises. demand for grape juice falls. supply of orange juice falls. QUESTION 31 A decrease in the price of on-demand video streaming services such as Netflix leads to an): increase in the demand for DVD players. increase in the quantity demanded for DVDs. increase in the demand for DVDs. decrease in the demand for DVDs QUESTION 32 Which of the following...
questions 20
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