Homework Answers
Answer is option B)
Since aluminium (Bauxite ) & drink soda are Complementary Goods, thus if demand for soda falls, so demand for aluminium cans will also fall since soda is being sold in aluminium cans,
Thus demand curve for Bauxite will shift inwards ( towards left), supply being unchanged, so both price & Q demanded will fall.
Add Answer to:
Assume there is a decrease in the demand for soda, some of which comes in aluminum...
A.) Suppose that investors in the bonds market find that risk levels decrease. Consequently, the demand...
A.) Suppose that investors in the bonds market find that risk levels decrease. Consequently, the demand for bonds should _____ and the demand curve will shift to the ____. A. decrease; right B. decrease; left C. increase; right D. increase; left B.) Suppose that government deficit spending rises. In this case, we would expected that the equilibrium price will ____ and the equilibrium yield will ____. A. rise; fall B. rise; rise C. fall; rise D. fall; fall
15. Assume that supply of lettuce produced by Yuma farmers increases slightly and demand for lettuce...
15. Assume that supply of lettuce produced by Yuma farmers increases slightly and demand for lettuce increases greatly in January due to New Year's Resolutions to lose weight. Which of the following will happen? a. Equilibrium price will fall and equilibrium quantity of lettuce will rise. b. Equilibrium price will rise and equilibrium quantity of lettuce will fall. c. Equilibrium price will rise and equilibrium quantity of lettuce will rise. d. Equilibrium price will fall and equilibrium quantity will fall....
16. Assume that supply of Chobani yogurt decreases by a larger amount than demand decreases. Which...
16. Assume that supply of Chobani yogurt decreases by a larger amount than demand decreases. Which of the following will happen? a. Equilibrium price of Chobani falls and equilibrium quantity of Chobani will rise. b. Equilibrium price will rise of Chobani and equilibrium quantity of Chobani will fall. c. Equilibrium price and quantity of Chobani will rise. d. Equilibrium price and quantity of Chobani will fall. e. Neither the equilibrium price of Chobani nor equilibrium quantity of Chobani will change.
What effect will a decrease in supply and a decrease in demand have on the equilibrium price and quantity? Multiple Cho...
What effect will a decrease in supply and a decrease in demand have on the equilibrium price and quantity? Multiple Choice Price will decrease and quantity will decrease. None of the options. Price will increase or decrease and quantity will increase. Price will increase and quantity may rise or fall Price will decrease and quantity will increase.
37. If the demand for baseball cards rises and the supply curve does not shift, then...
37. If the demand for baseball cards rises and the supply curve does not shift, then the price a. will rise and quantity will fall b. and quantity will rise c. will fall and quantity will rise d. and quantity will fall e. will rise, but quantity may rise or fall If the supply of coffee falls due to bad weather conditions in coffee-exporting countries, then the a. 38. price and quantity will rise b. price and quantity will fall...
17. Assume that there has been an increase in the marginal productivity of construction workers building...
17. Assume that there has been an increase in the marginal productivity of construction workers building new housing. How might this affect the market for new housing? Supply of new housing will fall, leading to an increase in the equilibrium price and decrease in the quantity of new housing Demand for new housing will fall, leading to a decrease in the equilibrium price and quantity of new housing Demand for new housing will rise, leading to an increase in the...
1. What will happen to the equilibrium quantity and price of a product in a competitive...
1. What will happen to the equilibrium quantity and price of a product in a competitive market when the increase in demand exactly offsets the decrease in supply? A)Equilibrium quantity will increase and equilibrium price will decrease B)Equilibrium quantity will decrease and equilibrium price will increase C)Equilibrium quantity will increase and equilibrium price will stay the same D)Equilibrium quantity will stay the same and equilibrium price will increase 2. Which statement is not correct? A)If demand increases and supply decreases,...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium quantity_ a. increases; may rise, fall, or stay the same, depending on the size of the two shifts. decreases; may rise, fall, or stay the same, depending on the size of the two shifts. c. may rise, fall, or stay the same, depending on the size of the two shifts; increases may rise, fall, or stay the same, depending on the size of the...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the mar...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the market for pink salmon, there will be a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded a n increase in the demand for pink salmon, a reduction in the...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the ma...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the market for pink salmon, there will be: a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied. b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded. c. an increase in the demand for pink salmon, a reduction in...
15. Assume that supply of lettuce produced by Yuma farmers increases slightly and demand for lettuce increases greatly in January due to New Year's Resolutions to lose weight. Which of the following will happen? a. Equilibrium price will fall and equilibrium quantity of lettuce will rise. b. Equilibrium price will rise and equilibrium quantity of lettuce will fall. c. Equilibrium price will rise and equilibrium quantity of lettuce will rise. d. Equilibrium price will fall and equilibrium quantity will fall....
What effect will a decrease in supply and a decrease in demand have on the equilibrium price and quantity? Multiple Choice Price will decrease and quantity will decrease. None of the options. Price will increase or decrease and quantity will increase. Price will increase and quantity may rise or fall Price will decrease and quantity will increase.
37. If the demand for baseball cards rises and the supply curve does not shift, then the price a. will rise and quantity will fall b. and quantity will rise c. will fall and quantity will rise d. and quantity will fall e. will rise, but quantity may rise or fall If the supply of coffee falls due to bad weather conditions in coffee-exporting countries, then the a. 38. price and quantity will rise b. price and quantity will fall...
17. Assume that there has been an increase in the marginal productivity of construction workers building new housing. How might this affect the market for new housing? Supply of new housing will fall, leading to an increase in the equilibrium price and decrease in the quantity of new housing Demand for new housing will fall, leading to a decrease in the equilibrium price and quantity of new housing Demand for new housing will rise, leading to an increase in the...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium quantity_ a. increases; may rise, fall, or stay the same, depending on the size of the two shifts. decreases; may rise, fall, or stay the same, depending on the size of the two shifts. c. may rise, fall, or stay the same, depending on the size of the two shifts; increases may rise, fall, or stay the same, depending on the size of the...
Assume that pink salmon is a normal good and consumers' income increases You accurately predict that in the market for pink salmon, there will be a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded a n increase in the demand for pink salmon, a reduction in the...
16. Assume that pink salmon is a normal good and consumers' income increases. You accurately predict that in the market for pink salmon, there will be: a. an increase in the demand of pink salmon, an increase in the price and an increase in quantity supplied. b. an increase in the quantity supplied of pink salmon, a reduction in the price and an increase in the quantity demanded. c. an increase in the demand for pink salmon, a reduction in...
Most questions answered within 3 hours.
-
How many ways can 2 people be chosen and arranged in a straight
line if there...
asked 26 minutes ago -
(Problem 1d). Leandro has 16 hours per day that he can allocate
to work or leisure....
asked 1 hour ago -
Morganton Company
makes one product and it provided the following information to help
prepare the master...
asked 1 hour ago -
2Al + 3Cl2 --> 2AlCl3
If one mole Al is reacted w two moles Cl2, how...
asked 2 hours ago -
1. You will see some trends in the movement of each currency vs.
the US Dollar....
asked 2 hours ago -
9. (9 pts) An investor with a stock portfolio worth several
hundred thousand dollars sued his...
asked 2 hours ago -
Which statement is true?
a. Unless directed otherwise, the computer automatically
executes C. statements one before...
asked 3 hours ago -
When a new company is considering Speed to Market for a product
launch, which would provide...
asked 3 hours ago -
bacteria and their metabolites could either promote or protect from
cancer. Explain one of these cases...
asked 3 hours ago -
Use the sample data and confidence level given below to complete
parts (a) through (d).
A...
asked 4 hours ago -
During laser vision correction, a brief burst of 193 nm
ultraviolet light is projected onto the...
asked 4 hours ago -
1 ) How well does the initial speed, v0,calculated from Equation
4 agree with the value...
asked 4 hours ago