Homework Answers
Q1. Option D
Changes in price creates movement along the demand curve and it does not shift the demand curve.
Q2. Option A, C and E
Supply shifts to right when the raw material price decreases, income increases and quantity demanded exceeds supply.
Add Answer to:
If the price of a DVD falls, i. the demand curve for DVDs will shift rightward....
what are the right answers Question 7 0/1 point A rightward shift in the supply curve...
what are the right answers
Question 7 0/1 point A rightward shift in the supply curve indicates a shift in the demand curve also (because demand must equal supply). that an increase in income results in an increase in the quantity demanded at each price. that more is demanded at each price. an increase in the quantity supplied at each price. a decrease in the quantity supplied at each price. Question 8 0/1 point Economists say there has been a...
The graph shows the demand curve for DVDs. Price (dollars per DVD) Suppose the price of...
The graph shows the demand curve for DVDs. Price (dollars per DVD) Suppose the price of a DVD is $30. Draw an arrow that shows the consumer surplus on the 1 millionth DVD bought. Consumer surplus is Market price O A. equal to the amount that we pay for a good or service O B. measured as the marginal benefit (or value) of a good minus the price paid for it, summed over the quantity bought OC. the value that...
QUESTION 30 As the price of orange juice rises, the: demand for orange juice falls. demand...
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...
A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium Group...
A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium Group of answer choices a Price to increase and equilibrium quantity to decrease. b Price to increase and equilibrium quantity to increase. c Price to decrease and equilibrium quantity to decrease. d Price to decrease and equilibrium quantity to increase.
A rightward shift of the demand curve for computer programmers will result in a shift in...
A rightward shift of the demand curve for computer programmers will result in a shift in the supply curve for programmers and an increase in the price of computer programs movement along the supply curve for computer programs movement along the supply curve for computer programmers and a shift in the supply curve for computer programs movement along the supply curve for programmers and a decrease in the price of computer programs
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...
2) If the price of automobiles were to increase substantially, the demand curve for gasoline would most likely A) shift...
2) If the price of automobiles were to increase substantially, the demand curve for gasoline would most likely A) shift leftward. B) shift rightward. C) become flatter. D) become steeper. 3) If the price of automobiles were to decrease substantially, the demand curve for automobiles would most likely A) shift rightward. B) shift leftward. C) remain unchanged. D) become steeper. 4) Suppose a market were currently at equilibrium. A rightward shift of the demand curve would cause A) an increase...
A change in the demand for apples could result from any of the following EXCEPT a change...
A change in the demand for apples could result from any of the following EXCEPT a change in income. a change in the price of a banana. a change in the price of an apple. increased preferences for fresh fruit consumption for health reasons. 2 points QUESTION 8 Which of the following increases the supply of gasoline? an increase in income if gas-guzzling, sport utility vehicles are a normal good a decrease in the demand for gas-guzzling, sport utility vehicles...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift in the supply curve from Sto S, reflects Select one: A. an increase in the supply of pizza. O B. an increase in the quantity of pizza supplied. O C . a decrease in the quantity of pizza supplied. O O D. a decrease in the supply of pizza E. None of the above answers is correct. Two brands of water, Natural Water and...
Which of the following events could have caused the demand curve to shift? Figure 2.5 Price...
Which of the following events could have caused the demand curve
to shift?
Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
what are the right answers
Question 7 0/1 point A rightward shift in the supply curve indicates a shift in the demand curve also (because demand must equal supply). that an increase in income results in an increase in the quantity demanded at each price. that more is demanded at each price. an increase in the quantity supplied at each price. a decrease in the quantity supplied at each price. Question 8 0/1 point Economists say there has been a...
The graph shows the demand curve for DVDs. Price (dollars per DVD) Suppose the price of a DVD is $30. Draw an arrow that shows the consumer surplus on the 1 millionth DVD bought. Consumer surplus is Market price O A. equal to the amount that we pay for a good or service O B. measured as the marginal benefit (or value) of a good minus the price paid for it, summed over the quantity bought OC. the value that...
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...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift in the supply curve from Sto S, reflects Select one: A. an increase in the supply of pizza. O B. an increase in the quantity of pizza supplied. O C . a decrease in the quantity of pizza supplied. O O D. a decrease in the supply of pizza E. None of the above answers is correct. Two brands of water, Natural Water and...
Which of the following events could have caused the demand curve
to shift?
Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
Most questions answered within 3 hours.
-
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 35 minutes ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 2 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 2 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 3 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 3 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 3 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 3 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 3 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 3 hours ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 3 hours ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 3 hours ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 3 hours ago