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Please help me in both questions if you can :(

QUESTION 7 Bertha and Jill are housemates who both work at Mckinsey. They have both received promotions this year and so both of their incomes have risen. Both Bertha and Jill enjoy chocolate. Cadbury Chocolate is an inferior good for Bertha but it is a normal good for Jill On the other hand, Maltesers are a normal good for Bertha but an inferior good for Jill Which of the following statements are true Berthas consumption of Cadbury willremain unaffected after her promotion since Maltesers are a substitute. Both Bertha and Jill wil increase their consumption of Maltesers as a result of their income rising. ill will increase her consumption o Maitesers after her promotion. Bertha will reduce her consumption of Cadbury Chocolate whilst increasing her consumption of Maltesers. QUESTION 8 Daria owns a small doughnut store in the city. She currently has to pay $2 per doughnut for the ingredients and labour costs. Next week the ingredient costs for each of her doughnuts, and all doughnuts across the city, will rise by one dollar. Select the item from the list provided to make the following statements true 1. Increase in quantity supplied 2. Changes in technology 3. Tax 4. Decrease in the quantity supplied 5. Shift left The increase in the cost of ingredients will cause Darias supply curve to By including the impacts on Darias supply curve from the previous point 1, and assuming demand for doughnuts remains unchanged and ceteris parabus, there will be a_ If the higher ingredient costs forced some suppliers out of the city doughnut market, the market supply curve . More substtutes 7. Subsidy 8. Increase in the number of suppliers 9. Deflate 10. Shift right 11. Remained unchanged would

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7) Bertha will reduce her consumption of Cadbury Chocolate whilst increasing her consumption of Maltesers.

8) The increase in the cost of ingredients will cause Daria's supply curve to shift left.

There will be a decrease in the quantity supplied.

The market supply curve would shift left.


answered by: ANURANJAN SARSAM
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