Homework Answers
Question 1
correct answer is (A) complements
A fall in the price of Good X will lead to an expansion in quantity demand for X
Question 2
correct answer is (C) at every price , buyers are willing to pay less at that price
vertical reading is that for every quantity, buyers are willing to pay les
Question 3
correct answer is (A) he paid them an amount of moeny equal to consumer or producer surplus they earned
Question 4
correct answer is (B) the model is useful in explaining major changes in price of oil
Question 5
correct answer is (A) supply in the present would fall supply in future would rise
Add Answer to:
plz just answer the quastions, there is no need for explaning,
i will give you like...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces quantity demanded to zero, demand is and the price elasticity of demand is equal to perfectly inelastic; zero perfectly elastio, iufiaty unit elastic, one perfectly elastic zero 0.1/0.1 pts Question 63 Question 73 Incorrect 0/0.1 pts If Smith will give up three units of Y to get one additional unit of X, then he has transitive preferences/ his budget constraint is upward slopimg. his...
of prices affect how much of a good producers are willing to sell? Actual prices, not...
of prices affect how much of a good producers are willing to sell? Actual prices, not expectations of prices, affect supply O If producers expect prices to fall in the future, they supply less at every price. If producers expect prices to rise in the future, they supply less at every price. level. O the quantity supplied exceeds the quantity demanded the supply curve shifts to the left. the supply curve shifts to the right is true? There is excess...
) Which of the following sounds the most like a horizontal reading of a decrease in...
) Which of the following sounds the most like a horizontal reading of a decrease in demand? Select one: a. "Because the price has fallen, buyers are willing to buy more of a good." b. "At every quantity, buyers are willing to pay less for that quantity. " c. "At every price, buyers are willing to buy less at that price." d. "Because the price has risen, buyers are willing to buy less of a good."
3. In which of the following cases will the effect on equilibrium price be indeterminate (i.e.,...
3. In which of the following cases will the effect on equilibrium price be indeterminate (i.e., depend on the magnitudes of the shifts in supply and demand)? a. Demand increases and supply increases. b. Demand decreases and supply decreases c. Demand decreases and supply increases.d. Demand increases and supply decreases.e. more than one of the above. 4. Assume that good X and good Y are substitutes in consumption. Additionally, they are complements in production. Suppose that the price of good...
A demand curve slopes downward because: people are only willing to buy more at lower prices....
A demand curve slopes downward because: people are only willing to buy more at lower prices. when people buy more, sellers lower the price. when prices are lower, people think the good is inferior. people want to buy more at higher prices. Which of the following correctly describes market equilibrium? Quantity supplied is equal to quantity demanded. Supply is equal to demand. There may be a shortage. There may be a surplus. От Consider a market that is in equilibrium....
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
It is not necessary to write detail answer, some question is easy to find answer, you...
It is not necessary to write detail answer, some question is
easy to find answer, you dont need to explain in detail, thank you
:)
7. Everything else held constant, if aggregate output is to the right of the LM curve, then there is an excess of money which will cause the interest rate to A) supply; fall- B) supply; rise- C) demand; fall- D) demand; rise- t 8. If the economy is on the LM curve, but is to...
Please assist with these questions, 1. Select whether the statement is true or false. Laws that...
Please assist with these questions, 1. Select whether the statement is true or false. Laws that government enacts to regulate prices (such as price floor and price ceilings) are called price barriers. Use letters in alphabetical order to select options A true B false 2. Fill in the blank with the correct answer by typing in the box. The amount that individuals would have been willing to pay, minus the amount that they actually paid, is called consumer ______________________. 3....
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue...
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue and sell a greater output than if it were not practicing price discrimination. b. a smaller total revenue and sell a smaller output than if it were not practicing price discrimination. c. the same total revenue but sell a larger output than if it were not practicing price discrimination. d. the same total revenue but sell a smaller output than if it were not...
Question 11. Suppose CNN announces that bad weather in Central America has greatly reduced the number...
Question 11. Suppose CNN announces that bad weather in Central America has greatly reduced the number of cocoa bean plants and for this reason the price of chocolate is expected to rise soon, What is the impact of following on the market demand for chocolate? Select one: a. the current market demand for chocolate will decrease. b. the current quantity demanded for chocolate will decrease. c. the current market demand for chocolate will increase. d. no change will occur in...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces quantity demanded to zero, demand is and the price elasticity of demand is equal to perfectly inelastic; zero perfectly elastio, iufiaty unit elastic, one perfectly elastic zero 0.1/0.1 pts Question 63 Question 73 Incorrect 0/0.1 pts If Smith will give up three units of Y to get one additional unit of X, then he has transitive preferences/ his budget constraint is upward slopimg. his...
of prices affect how much of a good producers are willing to sell? Actual prices, not expectations of prices, affect supply O If producers expect prices to fall in the future, they supply less at every price. If producers expect prices to rise in the future, they supply less at every price. level. O the quantity supplied exceeds the quantity demanded the supply curve shifts to the left. the supply curve shifts to the right is true? There is excess...
A demand curve slopes downward because: people are only willing to buy more at lower prices. when people buy more, sellers lower the price. when prices are lower, people think the good is inferior. people want to buy more at higher prices. Which of the following correctly describes market equilibrium? Quantity supplied is equal to quantity demanded. Supply is equal to demand. There may be a shortage. There may be a surplus. От Consider a market that is in equilibrium....
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
It is not necessary to write detail answer, some question is
easy to find answer, you dont need to explain in detail, thank you
:)
7. Everything else held constant, if aggregate output is to the right of the LM curve, then there is an excess of money which will cause the interest rate to A) supply; fall- B) supply; rise- C) demand; fall- D) demand; rise- t 8. If the economy is on the LM curve, but is to...
If a monopolist practices perfect price discrimination, then it will have a. a greater total revenue and sell a greater output than if it were not practicing price discrimination. b. a smaller total revenue and sell a smaller output than if it were not practicing price discrimination. c. the same total revenue but sell a larger output than if it were not practicing price discrimination. d. the same total revenue but sell a smaller output than if it were not...
Most questions answered within 3 hours.
-
A 0.035 mol sample of a weak acid, HA, is dissolved in 437 mL of
water...
asked 2 minutes ago -
a sample of Ar gas has a volume of 6.30 L with an unknown
pressure. the...
asked 3 minutes ago -
The
serum cholesterol levels of a population of kids follow a normal
distribution with mean 155...
asked 23 minutes ago -
han discusses the racist practice of badlands, a bar
in the Castro
district of San Francisco,...
asked 35 minutes ago -
A sample of final exam scores is normally distributed with a
mean equal to 25 and...
asked 38 minutes ago -
An investor shorts 100 shares of a stock when the share price is
$50 and closes...
asked 42 minutes ago -
LLOP corporation just paid 4$ dividend per share, you expect the
dividend to grow 8% for...
asked 51 minutes ago -
if we subtract 1000 from 0001 is there overflow? (binary)
asked 1 hour ago -
Hello, I need help with the function below, The language I am
using is Ocaml
open...
asked 1 hour ago -
Explain how the presence of glucose represses the gal structural
genes?
asked 1 hour ago -
For the reaction CaI2+2AgNO3⟶2AgI+Ca(NO3)2 how many grams of
silver iodide, AgI, are produced from 56.5 g...
asked 1 hour ago -
Write an equation for hydrolysis via acid catalysis.
Using ethyl acetate, ethyl benzoate, ethyl formate or...
asked 1 hour ago