Question

рэкс 2 Question refer to the following diagram, which shows the market for apartment rentals in a hypothetical clty. 1,400 Prienal parents men IN 0 40 10 20 30 Only reparton Thousand per you) d. Walch of the following events could cause the market for apartment rentals to change as shown above & The government imposes a new property tur. b. Reduced crime od better public transportation attract new residents to the city. C A large factory in the area closes, putting many residents out of work d. Building malatenance costs rise Saudies show that margarine is an isferior good. U households incomes rise, the there will be .. Higher prices for margarine. c. more companies making margarine. b. greater demand for margarine. d. fewer people buying margarin. 7. Which of the following is the best description of the effects of decrease in the supply of bread? L Consumers will pay more for brand b. Brand prices will fall, and broad al will rise. A permite shortage of trud will remain on the market d. Some bakeries will be forced out of business. A A recent hurricane destroyed half of the orange crop. Consumers are responding to an increase in the price of oranges by buying more apples. This change is expected to increase the price and quantity of apples sold. In terms of basic supply and demand analysis, there has been a: A. shift in the demand curve for both oranges and apples. B. movement along the demand curve for both oranges and apples. C. shift in the demand curve for oranges and a movement along the demand curve for apples. D. movement along the demand curve for oranges and a shift in the demand curve for apples.

Answer 1

Answer Page No!. ) 4) the demand curve shifts to thesght foom D, to De when there sx gieduced crime and better pubile transportation attract new presidents to the city. As government imposes a new pooperty tax, this Would shifts the demond curve to the left. A large factory in the area eloses putting many residents out of work, this would shifts the demand cuore to the left, Building maintenance costs 97; 8€, this Would Shift the supply curve to the left. here, option (8) is correct. 5) IF margarine 13 an inferior good, then it house holds in comes o;se, then there will be fewer people being margarine. Hene, option (o is Corect. 6) As these ix decrease in the supply of bread, the supply curve shitey to the left. As a result, the cajuilibrium pajce would use and courli bosum quantity would decorase this implies that

page no. 2 - Consumeas will pay more for bread. Here, opé jen (A);s Consect. *) AS one you déstoqued, there is an up tid movement aby the demand curve. Because paiee of aange 9;les, then this would increase the demand for apples. And therefore, demand that there has been a movement along the derand curve for Xanxes and a shift in the denund curve for Apples. , രാടി (2) ആർ