Question

TIL 4 income increases and the demand for bus rides decreases A) bus rides are a normalno B) comes we behavingimationally bus rides are an interior good Di bus rides are a state good E bus rides must be a complement Rood with some other 5. If the cost of producing prince, which will A) The supply of pizza will decreased rice will requi s B) The quality of pas supplied will increase try to cover their Puma will cease to be pre nds Dj The supply curve for a will rights and price will The demand curve for pure will hear when the price of come increase er B & Which of the following will increase the supply of a p A increase in the price of the dat r ease in the demand for the det increase in the name of sellers Die t he demand for the product in the price of Price (dollars per dozen roses) 35 30 0 % 8 10 12 14 16 Quantity (dozens of roses per day)

Answer 1

0-4 Answer C- Bus wides is inferior good. In normal good case when income increases, then demand for good also increases but in case or Inferior good Increase in Income will decrease the demand of good. Because aften increose in Income other normal goods are consumed. - - Answer A when Cost Increases, supply of good at same price will decrease and decrease in Supply with existing demand will increase the price ce-6 Answer-A Price and supply of product are clirectly Increase in priu will related Increase to each other. the cost. Q-7 R At prica 35 there is excess Supply because Supply is greater than demand at Price 35

Q-8 Picture is not clear Ir price is 8 then there is shortage of (300 - 50) 250 t-shirts. Supply is lesser then demand so price colll increase A-9. Ansoon . If there is surpley of 125 t-shirts It occurs at price $t. At this price demand is 150 t-shirts and Supply is for 2 75 t shirts Q-10 Picture is not clear A-11 Answer B Movement on the dem and Curve occues due to the changes in price. Decrease in price will move the demand to wright side on demand Curve and increase in price will move the point leftward on demand Curve. - shift in demand Curve occurs due to oth Change in other factors then price

Picture is very blurred for question 12 and 13. @-14 - Answer B Movement Explained changes in prices. is in always due to above question. • Answorn - Equilibrium quantity increases. Supply and demand both increased so f quantity is increased But price will depend on the magnitude of Increase in supply and demand. If demand is increased more then supply then Equilibrium price will also increases and Vice-versa.