Which of the following would most likely change equilibrium from point A to point B? A....
Which of the following would most likely change equilibrium from point A to point B?
A. An increase in the price of a complementary good
B. A decrease in worker productivity
C. A decrease in the price of good X
D. A decrease in income
E. An increase in technology
Homework Answers
option B is correct
A decrease in worker productivity would shift supply curve to the left (it would become more costly to produce the same quantity of product)
Add Answer to:
Which of the following would most likely change equilibrium from
point A to point B?
A....
e in the supply of a product would 13. A decreas likely be caused by most...
e in the supply of a product would 13. A decreas likely be caused by most 20. (a) an increase in business taxes (b) an increase in consumer incomes (c) a decrease in resource costs for (d) a decrease in the price of a complementary good 14. lf the quantity supplied of a product is greater than the quantity demanded for a product, then (a) there is a shortage of the product by there is a surplus of the product...
O O QUESTION 1 1 point A decrease in price of a certain good most likely...
O O QUESTION 1 1 point A decrease in price of a certain good most likely will lead to a. no change in demand and no change in quantity demanded. b. an increase in quantity demanded but no change in the demand for that good. c. an increase in quantity demanded and an increase in the demand for that good. d. an increase in demand but no change in quantity demanded. QUESTION 2 1 poim Assume an economy with an...
A normal good is which of the following? A good in which the change in price...
A normal good is which of the following? A good in which the change in price is proportionately related to a change in demand. A good in which a change in income is inversely related to the change in demand. A good in which a change in price is inversely related to a change in demand. A good in which the change in income is proportionately related to a change in demand for that good. Two goods are said to...
12. A "decrease in the quantity demanded" means that a. the demand curve has shifted to...
12. A "decrease in the quantity demanded" means that a. the demand curve has shifted to the right. b. the supply curve has shifted to the left. C. price has declined and consumers therefore want to purchase more of the good. d. price has increased and consumers therefore want to purchase less of the good. 13. Which of the following pairs of goods would be most likely to be complements in consumption? a. olive oil and vegetable oil b. peanuts...
How will shift right in supply affect equilibrium price, assuming demand remains constant? a. increase b....
How will shift right in supply affect equilibrium price, assuming demand remains constant? a. increase b. decrease c.will not affect it d. cannot be determined According to the law of demand, if the price of a good decreases, its Qd? a. decreases b. increases c. goes to zero d. stays constant According to the income effect, price changes equal changes in? a. money income b.real income c.demand d. utility on the demand curve a chance in price leads a. no...
Please help with these questions, 1.Which statement(s) are most likely correct about supply? Use letters in...
Please help with these questions, 1.Which statement(s) are most likely correct about supply? Use letters in alphabetical order to select options A A rise in price almost always leads to a decrease in the quantity supplied of that good. B A rise in price almost always leader to an increase in the quantity demanded of that good. C A rise in price almost always leads to an increase in the quantity supplied of that good. D A fall in price...
1. A change in tastes will do which of the following? a. Shift the demand curve...
1. A change in tastes will do which of the following? a. Shift the demand curve to the right b. Result in healthier choices c. Lead to more uniform goods being produced d. Shift the demand curve 2. What are complementary goods? a. Complements are goods for which an increase in the price of one of the goods results in a decrease in the demand for the other. b. Complements are goods for which an increase in the price of...
5) Which of the following is likely to lead to a right shift in the supply...
5) Which of the following is likely to lead to a right shift in the supply curve of cotton? 5) _______ A) An increase in the price of cotton B) A decrease in the price of cotton C) An increase in labor productivity due to training programs D) A rise in labor costs due to wage demands by labor unions 6) Assume that the supply curve for a commodity shifts to the left and the demand curve shifts to the...
which of the following would cause both the equilibrium price and equilibrium quantity of potatoes?
18) Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease? A) an increase in consumer income B) a freeze that sharply reduces potato output C) a decrease in consumer income D) a technological advancement that results in a bumper crop of potatoes
Which of the following would cause an increase in the demand for good X (an inferior...
Which of the following would cause an increase in the demand for good X (an inferior good)? an increase in the price of good Y which is a complement to good X a decrease in the number of consumers an expectation of a lower price for good X a decrease in income a decrease in the price of good Z which is a substitute for good X In response the Covid-19 pandemic, many people want to purchase hand sanitizer. Simultaneously,...
e in the supply of a product would 13. A decreas likely be caused by most 20. (a) an increase in business taxes (b) an increase in consumer incomes (c) a decrease in resource costs for (d) a decrease in the price of a complementary good 14. lf the quantity supplied of a product is greater than the quantity demanded for a product, then (a) there is a shortage of the product by there is a surplus of the product...
O O QUESTION 1 1 point A decrease in price of a certain good most likely will lead to a. no change in demand and no change in quantity demanded. b. an increase in quantity demanded but no change in the demand for that good. c. an increase in quantity demanded and an increase in the demand for that good. d. an increase in demand but no change in quantity demanded. QUESTION 2 1 poim Assume an economy with an...
A normal good is which of the following? A good in which the change in price is proportionately related to a change in demand. A good in which a change in income is inversely related to the change in demand. A good in which a change in price is inversely related to a change in demand. A good in which the change in income is proportionately related to a change in demand for that good. Two goods are said to...
12. A "decrease in the quantity demanded" means that a. the demand curve has shifted to the right. b. the supply curve has shifted to the left. C. price has declined and consumers therefore want to purchase more of the good. d. price has increased and consumers therefore want to purchase less of the good. 13. Which of the following pairs of goods would be most likely to be complements in consumption? a. olive oil and vegetable oil b. peanuts...
Most questions answered within 3 hours.
-
Define the following Marketing Psychology Principles of Human
Behavior: Priming, Reciprocity, Social Proof, Decoy Effect,
Scarcity,...
asked 7 minutes ago -
What does the graph of Range vs angle look like? Also what is
the slope of...
asked 10 minutes ago -
a
sample size of _ is needed So there a 99% confidence interval will
have a...
asked 15 minutes ago -
Strategy is an important part of project management and business
decisions. Define strategy and describe in...
asked 19 minutes ago -
Task 5.2 Numerical Analysis Using Nested Loops (13 pts)
Consider the following program:
void setup()
{...
asked 32 minutes ago -
If a lossless transformer has 1000 turns for a primary winding
and 100 turns for the...
asked 40 minutes ago -
Write the net ionic equation for the precipitation reaction that
occurs when aqueous solutions of potassium...
asked 49 minutes ago -
it
should be written in c++
Your program should take numbers from the user until the...
asked 55 minutes ago -
Buses are powered by chemical reactions. Define matter and the
four states of matter. What is...
asked 1 hour ago -
Use conservation of energy to find the velocity of a free point
charge q1 at 22cm...
asked 1 hour ago -
First, describe policies promoted by governments of the
political right to address economic globalization. Second, describe...
asked 1 hour ago -
M2-9 Completing T-Accounts LO2-4
Following are the transactions of Dennen, Inc., for the month of
January....
asked 1 hour ago