a. The prices of the inputs used to produce the good - is correct
This is a determinant of supply and not demand.
QUESTION 10 Which of the following is not a determinant of the demand for a particular...
Help Which one of the following is not a non-price determinant of demand? Select one: a. The number of consumers b. Producer expectations of future prices c. Tastes and preferences d. Prices of related goods and services e. Available assets
Help Which one of the following is not a non-price determinant of demand? Select one: a. The number of consumers b. Producer expectations of future prices c. Tastes and preferences d. Prices of related goods and services e. Available assets
C. an increase in quantity supplied d. a decrease in supply QUESTION 17 Which of the following would NOT be a determinant of demand? a. the price of related goods b.income C. expectations d. the prices of the inputs used to produce the good QUESTION 18 You love. You hear on the news that 50% of the world's banana crop has been wiped out because of a virus, which will cause the price to double by the end of the...
QUESTION 18 Which of the following is not an autonomous determinant of consumption expenditures? a. current disposable income b. tastes and preferences c. the interest rate d. real wealth
MP Microeconomics (ECO-2 rses / 19WNCMP ECO-202-20102/ Week 2 / Week 2 Quiz Which are shift factors of demand? Select one: O a. prices of other goods, income, technology O b. tastes, prices of other goods, income O c. income, prices of inputs, taxes O d. tastes, income, technology t Answers Jump to...
Which of the following factors DOES NOT lead to a shift in the demand curve for a particular product? Its Price Prices of other goods Income Tastes and Trends
Which one of the following is not a non-price determinant of supply? Select one: O a. Available production technology b. Consumers' income c. Resource prices d. The number of producers O o e. The price of related goods and services Another term for a negative relationship is Select one: O a. a fixed relationship O b. an inverse relationship c. a constant relationship d, a direct relationship e a marginal relationship.
Which of the following is not a determinant of a good’s price elasticity of demand? Select one: a. The slope of the demand curve b. The share of the good in the consumer’s total budget c. Whether the good is a luxury or a necessity d. The passage of time
3) The law of demand includes the statement other things being equal." These other things include all of the following EXCEPT A) the price of related goods. B) incomes. tastes D) the price of the good itself. 3) John believes that when the price of a good increases people will purchase more of the good. This statement is A) consistent with the law of supply. B) consistent with the law of demand. referring to money prices. D) inconsistent with the...
4. Assume the income elasticity of demand for a particular good is -1.5, which of the following is correct? A. This is a normal good. B. This is an inferior good. C. A 10% fall in income would imply a15% increase in purchases. D. Both B and D are correct. 5. The law of demand states that, holding everything else constant, an increase in the price of a good will a. cause a surplus. b. cause a shortage. c. decrease...
For each of the following events, identify which of the
determinants of demand or supply are affected. If demand is
unaffected by this event because it creates only a supply change,
select the “None” option under the “Demand Determinant” column.
Similarly, if supply is unaffected by this event because it creates
only a demand change, select the “None” option under the “Supply
Determinant” column.
for the table below here are the options:
Demand Determinant: Income, Price of substitude or
complement,...