Question

1. 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

1. 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
   		an increase in the price of gasoline
   		a decrease in the price of a resource used to produce gasoline, such as crude oil

2 points   

QUESTION 9

1. If the demand for used cars decreases after the price of a new car falls, used cars and new cars are

   		substitute goods.
   		inferior goods.
   		normal goods.
   		complementary goods.

Answer 1

1 .C) A change in the price of an apple

A change in the demand for apples could not result a change in the price of an apple.because it refers to the change in the price of apple as we know that a change in price lead to change in quantity demanded.

8.D) A Decrease in the price of a resource used to produce gasoline,such as crude oil.

This increases the supply of gasoline.

9 A) Substitute goods

if the demand for used cars decrease after the price of a new car falls,used cars and new cars are Substitute goods.