the price of flour would cause the equilibrium price od bagel to —— and the equilibrium...
Homework Answers
A price floor in the market is set above the equilibrium price this will increase the price of the flour which is an input in the making of bagel. This will "increase" the equilibrium price and equilibrium quantity of bagel will "fall".
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price of flour would cause the equilibrium price od bagel to —— and
the equilibrium...
Which of the following would cause an increase in the equilibrium price and an increase in...
Which of the following would cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons? a. a decrease in demand and an increase in supply b. an increase in demand in demand and an increase in supply c. an increase in supply and an increase in demand greater than the increase in supply d.. an increase in supply
which of the following would cause both the equilibrium price and equilibrium quantity of potatoes?
18) Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes (assume that potatoes are an inferior good) to decrease? A) an increase in consumer income B) a freeze that sharply reduces potato output C) a decrease in consumer income D) a technological advancement that results in a bumper crop of potatoes
Suppose that the bakers of bread face an increase in the price of flour (an input). In the market for bread, this will...
Suppose that the bakers of bread face an increase in the price of flour (an input). In the market for bread, this will cause the __ and the equilibrium price to_ O A. demand for bread to decrease; increase OB. demand for bread to increase; increase O C. supply of bread to decrease; increase OD. supply of bread to decrease; decrease
A price ceiling that is set below the equilibrium price will cause: an increase in demand....
A price ceiling that is set below the equilibrium price will cause: an increase in demand. quantity supplied to exceed quantity demanded. total economic surplus to rise. producer surplus to fall.
Suppose a market were currently at equilibrium. An outward shift of the demand curve would cause A) a decrease in both p...
Suppose a market were currently at equilibrium. An outward shift of the demand curve would cause A) a decrease in both price and quantity. B) an increase in both price and quantity. C) a decrease in price but an increase in quantity. D) an increase in price but a decrease in quantity.
New technology lowering the cost of production will cause the equilibrium price to ______ and the...
New technology lowering the cost of production will cause the equilibrium price to ______ and the equilibrium quantity to ______. a. Increase; increase b. Increase; decrease c. Decrease; decrease d. Decrease; increase
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...
The demand for loanable funds decreases while the supply simultaneously increases. This would cause the equilibrium...
The demand for loanable funds decreases while the supply simultaneously increases. This would cause the equilibrium 1)quantity of loanable funds to increase, but the effect on the equilibrium interest rate would be uncertain. 2)interest rate to decrease, but the new equilibrium quantity would be uncertain. 3)quantity of loanable funds to increase and the equilibrium interest rate to decrease. 4)quantity of loanable funds to decrease and the equilibrium interest rate to increase. 5)interest rate to increase, but the new equilibrium quantity...
Anna owns and operates a small bagel shop in Montreal, Canada. She is constantly baking bagels...
Anna owns and operates a small bagel shop in Montreal, Canada. She is constantly baking bagels which are sold fresh out of the oven and customers line up to purchase them. She manages the inventory of the bread flour used to make the bagels very carefully. The quantity of bread flour she uses is exactly equal to 21 kilos per day (which makes exactly 210 bagels). The selling price of a bagel is $1. The bread flour is purchased from...
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity...
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity to rise? demand increases and supply decreases demand and supply both decrease demand decreases and supply increases demand and supply both increase Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium...
Suppose that the bakers of bread face an increase in the price of flour (an input). In the market for bread, this will cause the __ and the equilibrium price to_ O A. demand for bread to decrease; increase OB. demand for bread to increase; increase O C. supply of bread to decrease; increase OD. supply of bread to decrease; decrease
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...
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity to rise? demand increases and supply decreases demand and supply both decrease demand decreases and supply increases demand and supply both increase Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium...
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