Homework Answers
a) "C"
The equilibrium price of the car may rise, may fall or might not change at all. it all will depend on the several factor like if the demand has increased more than the supply then the price will rise, if the supply has increased more then the price will fall. we don't have that information from the question.
b) "B"
As the supply and the demand both have increased the equilibrium quantity in the market will increase as both the demand and supply curve have shifted to the right.
Add Answer to:
An increase in the demand for sports cars and an increase in the supply of sports...
PLEASE LOOK CAREFULLY I DID NOT UNDERSTAND PLS 10..Supply is _____, when all other influences on...
PLEASE LOOK CAREFULLY I DID NOT UNDERSTAND PLS 10..Supply is _____, when all other influences on buying plans remain the same. A. the relationship between the quantity supplied of a good and the cost of the inputs used to produce it B. the is the quantity of a good that producers would be willing to sell if costs were lower C. the relationship between the quantity supplied of a good and the price of the good D. the quantity of...
The table shows the demand and supply schedules for magazines. Complete the following sentences. The equilibrium...
The table shows the demand and supply schedules for magazines. Complete the following sentences. The equilibrium price of a magazine is 4and the equilibrium quantity is 150 magazines a week. Price (dollars per Quantity demanded Quantity supplied 3.00 3.50 4.00 4.50 5.00 160 155 150 145 140 138 144 150 156 161 Now a fall in the price of a newspaper decreases the quantity demanded by 11As the market returns to equilibrium, the quantity demandedand the magazines a week at...
The table shows the demand and supply schedules for pretzels A fall in income decreases the...
The table shows the demand and supply schedules for pretzels A fall in income decreases the quantity demanded by 500 bags a day at each price At the initial equilibrium price, there is a of pretzels. The price of a bag as the market moves to its new equilibrium Price (dollars per bag) 2.50 2.75 3.00 325 3.50 Quantity Quantity demanded supplied (bags of pretzels per day) 2,500 1,500 2.000 2,000 1,500 2,500 1,000 3,000 3,500 500 O A. shortage,...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equi...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equilibrium price and quantity? O O Price falls and quantity decreases. Price falls and quantity increases. Price rises and quantity decreases Price rises and quantity increases. O
The table shows the demand and supply schedules for hot chocolate If the price is $1.40...
The table shows the demand and supply schedules for hot chocolate If the price is $1.40 a cup, the quantity supplied the quantity demanded and of hot chocolate exists Price (dollars per cup) 1.40 1.75 Quantity Quantity demanded supplied (cups per day] 400 340 360 2 10 360 320 380 245 400 O A. is less than a surplus OB. equals, neither a shortage nor a surplus OC. is greater than a shortage OD. is greater than a surplus O...
Please help with these questions, Question 17 0.16 pts During the winter months, many elderly people...
Please help with these questions,
Question 17 0.16 pts During the winter months, many elderly people leave their homes in northern New York and travel south to Florida or Arizona. What would we expect to happen to the equilibrium price and quantity of items most used by the elderly in northern New York? One would increase and one would decrease, but we don't know which would do what O They would both increase. O The price would decrease and the...
QUESTION 36 If the producers of cotton shirts face higher cotton prices, which of the following...
QUESTION 36 If the producers of cotton shirts face higher cotton prices, which of the following is likely to occur? The supply of cotton shirts decreases, the equilibrium price of cotton shirts rises, and the equilibrium quantity falls. The supply of cotton shirts decreases, the equilibrium price of cotton shirts rises, and the equilibrium quantity rises. The supply of cotton shirts increases, the equilibrium price of cotton shirts rises, and the equilibrium quantity falls. The supply of cotton shirts increases,...
Suppose the demand for Tesla cars decreases and the supply for pens increases. What effect will...
Suppose the demand for Tesla cars decreases and the supply for pens increases. What effect will it have on the equilibrium price for Tesla cars? a. There will be no change b. Uncertain c. It will fall d. It will rise
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....
Question 4 1 pts Which chain of events is correct? An increase in demand causes a...
Question 4 1 pts Which chain of events is correct? An increase in demand causes a shortage to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. O no change in the market outcome. surplus to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. shortage to occur at the original price, which leads to a decrease in equilibrium price and equilibrium quantity.
The table shows the demand and supply schedules for magazines. Complete the following sentences. The equilibrium price of a magazine is 4and the equilibrium quantity is 150 magazines a week. Price (dollars per Quantity demanded Quantity supplied 3.00 3.50 4.00 4.50 5.00 160 155 150 145 140 138 144 150 156 161 Now a fall in the price of a newspaper decreases the quantity demanded by 11As the market returns to equilibrium, the quantity demandedand the magazines a week at...
The table shows the demand and supply schedules for pretzels A fall in income decreases the quantity demanded by 500 bags a day at each price At the initial equilibrium price, there is a of pretzels. The price of a bag as the market moves to its new equilibrium Price (dollars per bag) 2.50 2.75 3.00 325 3.50 Quantity Quantity demanded supplied (bags of pretzels per day) 2,500 1,500 2.000 2,000 1,500 2,500 1,000 3,000 3,500 500 O A. shortage,...
When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equilibrium price and quantity? O O Price falls and quantity decreases. Price falls and quantity increases. Price rises and quantity decreases Price rises and quantity increases. O
The table shows the demand and supply schedules for hot chocolate If the price is $1.40 a cup, the quantity supplied the quantity demanded and of hot chocolate exists Price (dollars per cup) 1.40 1.75 Quantity Quantity demanded supplied (cups per day] 400 340 360 2 10 360 320 380 245 400 O A. is less than a surplus OB. equals, neither a shortage nor a surplus OC. is greater than a shortage OD. is greater than a surplus O...
Please help with these questions,
Question 17 0.16 pts During the winter months, many elderly people leave their homes in northern New York and travel south to Florida or Arizona. What would we expect to happen to the equilibrium price and quantity of items most used by the elderly in northern New York? One would increase and one would decrease, but we don't know which would do what O They would both increase. O The price would decrease and the...
QUESTION 36 If the producers of cotton shirts face higher cotton prices, which of the following is likely to occur? The supply of cotton shirts decreases, the equilibrium price of cotton shirts rises, and the equilibrium quantity falls. The supply of cotton shirts decreases, the equilibrium price of cotton shirts rises, and the equilibrium quantity rises. The supply of cotton shirts increases, the equilibrium price of cotton shirts rises, and the equilibrium quantity falls. The supply of cotton shirts increases,...
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....
Question 4 1 pts Which chain of events is correct? An increase in demand causes a shortage to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. O no change in the market outcome. surplus to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. shortage to occur at the original price, which leads to a decrease in equilibrium price and equilibrium quantity.
Most questions answered within 3 hours.
-
Hyundai Motors is considering threesites—A, B,C —at which to
locate a factory to build its new-model...
asked 31 seconds from now -
Learning Outcomes:
Upon the successful completion of this module, you should
understand the following concepts:
Strategic...
asked 41 seconds ago -
A 0.2m diameter ball with an initial velocity of 8m/s rolls up a
hill without slipping....
asked 8 minutes ago -
Identify four of the five major types of organizations within
the federal bureaucracy, and give examples...
asked 8 minutes ago -
The following data have been obtained
for the effect of solvent composition on the solubility of...
asked 9 minutes ago -
Our ability to see distinct edges as well as our errors in
contrast perceptions (e.g., seeing...
asked 28 minutes ago -
Two buckets of mass 17.1 kg and 11.3 kg are attached to the ends
of a...
asked 21 minutes ago -
A laser used in LASIK eye surgery produces 50 pulses per second.
The wavelength is 192...
asked 18 minutes ago -
Smith Inc. recently reported operating income of $2.75 million,
depreciation of $1.20 million, and had a...
asked 19 minutes ago -
A
nurse is trying to understand the structure and chain of command of
a healthcare organization....
asked 22 minutes ago -
A company is interested in estimating the costs of lunch
in their cafeteria. After surveying employees,...
asked 25 minutes ago -
A woman expends 94 kJ of energy in walking a kilometer. The
energy is supplied by...
asked 36 minutes ago