Homework Answers
E is correct
Decrease in popularity of desktop computers means demand for laptops increases which leads to increase in quantity demanded of laptops.
Add Answer to:
QUESTION 3 suppose using desktop computers becomes less popular. Using the theoretical concepts in the Supply...
Consider the market for smartphones. Suppose the price of a smartphone rises. Explain the effect of...
Consider the market for smartphones. Suppose the price of a smartphone rises. Explain the effect of this event on the quantity of smartphones demanded and on the demand for smartphones. O A. The quantity of smartphones demanded increases and the demand for smartphones is unchanged. O B. The quantity of smartphones demanded increases and the demand for smartphones also increases. OC. The quantity of smartphones demanded decreases and the demand for smartphones is unchanged. O D. The quantity of smartphones...
28. (9 points) Suppose a decrease in the world demand for desktop computers causes the world...
28. (9 points) Suppose a decrease in the world demand for desktop computers causes the world price of desktop computers to fall from $600 to $500. Before the decrease in demand, country uces 9,000 desktop computers and exports 50 percent of the total to other countries every week. However, after the decrease in demand, country A decreases its production to 8,000 and nly exports 40 percent of the total to the rest of the world. What are the changes in...
Suppose that the price of a carton of skim milk is expected to fall next month...
Suppose that the price of a carton of skim milk is expected to fall next month Explain the effect of this event on the quantity of skim milk supplied and on the supply of skim milk. O A. The quantity of skim milk supplied decreases and the supply of skim milk also decreases. O B. The quantity of skim milk supplied increases O C. The supply of skim milk decreases. O D. The quantity of skim milk supplied decreases E....
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregat...
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregate supply schedule for an economy What is the quantity of real GDP at the short-run macroeconomic equilibrium? Price level (GDP deflator) The quantity of real GDP at the short-run macroeconomic equilibrium is s billion 100 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2007 dollars) 200 500 350 500 500 500 400 650...
Question 31 (1 point) The Dean of Arts recently announced a 20% increase in tuition and...
Question 31 (1 point) The Dean of Arts recently announced a 20% increase in tuition and explained that the increase was needed to raise the university's revenue. Which of the following might the Dean be assuming about the elasticity of demand for education at her school? оа Ob Oc Od It is elastic. It is inelastic It is perfectly elastic It could be either elastic or perfectly elastic. Question 29 (1 point) What will happen to the quantity demanded if...
Q3 Suppose that global demand and supply for a standard one-bedroom apartment in Berkeley North are...
Q3 Suppose that global demand and supply for a standard one-bedroom apartment in Berkeley North are described by the equations: OL I JQD=1000-50P Qs = -200 + 30P where Qp and Qs are respectively the number of apartments demanded and supplied and P is the monthly rent for each apartment, expressed in hundreds of US$. • Please calculate the equilibrium price that will clear this market and the accompanying equilibrium quantity • Please draw a graph of the supply curve...
Question 7 (1 point) Suppose that the value of the price elasticity of demand for a...
Question 7 (1 point) Suppose that the value of the price elasticity of demand for a product is 2 and its price increases by 16%. What will happen to the quantity demanded? oa Ob OC Od It will increase by 8%. it will decrease by 32%. It will increase by 32%. it will decrease by 8%. Question 10 (1 point) What is meant by the term utility? оа Ob oc A measure of necessity. The satisfaction or pleasure derived from...
Suppose that the income elasticity of demand for good X is positive but less than 1. Other things being equal, which of...
Suppose that the income elasticity of demand for good X is positive but less than 1. Other things being equal, which of the following statements is incorrect? O A. Good X is a normal good. OB. The quantity demanded of good X decreases as a consumer's income declines. OC. A consumer buys more X as income rises, but the share of income spent on good X falls. OD. A consumer buys more X as income rises and the share of...
1. Suppose that the initial demand and supply curves for coffee are illustrate by D' and...
1. Suppose that the initial demand and supply curves for coffee are illustrate by D' and St in the graph below. Assume that coffee and kringle are complements in consumption. Clearly label all additions to the graph. a) Suppose that the initial market price of coffee, Po, is $1 per cup (Po = $1). Determine and illustrate the quantity demanded at Po (labeled as Qc), and the quantity supplied at Po (labeled as Qoʻ). Show Qoand Qos on the quantity...
In the market for televisions, the price of a television falls and nothing else changes. Price...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
Consider the market for smartphones. Suppose the price of a smartphone rises. Explain the effect of this event on the quantity of smartphones demanded and on the demand for smartphones. O A. The quantity of smartphones demanded increases and the demand for smartphones is unchanged. O B. The quantity of smartphones demanded increases and the demand for smartphones also increases. OC. The quantity of smartphones demanded decreases and the demand for smartphones is unchanged. O D. The quantity of smartphones...
28. (9 points) Suppose a decrease in the world demand for desktop computers causes the world price of desktop computers to fall from $600 to $500. Before the decrease in demand, country uces 9,000 desktop computers and exports 50 percent of the total to other countries every week. However, after the decrease in demand, country A decreases its production to 8,000 and nly exports 40 percent of the total to the rest of the world. What are the changes in...
Suppose that the price of a carton of skim milk is expected to fall next month Explain the effect of this event on the quantity of skim milk supplied and on the supply of skim milk. O A. The quantity of skim milk supplied decreases and the supply of skim milk also decreases. O B. The quantity of skim milk supplied increases O C. The supply of skim milk decreases. O D. The quantity of skim milk supplied decreases E....
The table gives the aggregate demand schedule, the short run aggregate supply schedule, and the long run aggregate supply schedule for an economy What is the quantity of real GDP at the short-run macroeconomic equilibrium? Price level (GDP deflator) The quantity of real GDP at the short-run macroeconomic equilibrium is s billion 100 Real GDP Real GDP Real GDP supplied supplied demanded in short run in long run (billions of 2007 dollars) 200 500 350 500 500 500 400 650...
Question 31 (1 point) The Dean of Arts recently announced a 20% increase in tuition and explained that the increase was needed to raise the university's revenue. Which of the following might the Dean be assuming about the elasticity of demand for education at her school? оа Ob Oc Od It is elastic. It is inelastic It is perfectly elastic It could be either elastic or perfectly elastic. Question 29 (1 point) What will happen to the quantity demanded if...
Q3 Suppose that global demand and supply for a standard one-bedroom apartment in Berkeley North are described by the equations: OL I JQD=1000-50P Qs = -200 + 30P where Qp and Qs are respectively the number of apartments demanded and supplied and P is the monthly rent for each apartment, expressed in hundreds of US$. • Please calculate the equilibrium price that will clear this market and the accompanying equilibrium quantity • Please draw a graph of the supply curve...
Question 7 (1 point) Suppose that the value of the price elasticity of demand for a product is 2 and its price increases by 16%. What will happen to the quantity demanded? oa Ob OC Od It will increase by 8%. it will decrease by 32%. It will increase by 32%. it will decrease by 8%. Question 10 (1 point) What is meant by the term utility? оа Ob oc A measure of necessity. The satisfaction or pleasure derived from...
Suppose that the income elasticity of demand for good X is positive but less than 1. Other things being equal, which of the following statements is incorrect? O A. Good X is a normal good. OB. The quantity demanded of good X decreases as a consumer's income declines. OC. A consumer buys more X as income rises, but the share of income spent on good X falls. OD. A consumer buys more X as income rises and the share of...
1. Suppose that the initial demand and supply curves for coffee are illustrate by D' and St in the graph below. Assume that coffee and kringle are complements in consumption. Clearly label all additions to the graph. a) Suppose that the initial market price of coffee, Po, is $1 per cup (Po = $1). Determine and illustrate the quantity demanded at Po (labeled as Qc), and the quantity supplied at Po (labeled as Qoʻ). Show Qoand Qos on the quantity...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
Most questions answered within 3 hours.
-
A man is dragging a box of mass "m" by using a rope which rests
on...
asked 3 minutes ago -
Liquid octane
(CH3(CH2)6CH3) will
react with gaseous oxygen (O2) to produce gaseous carbon
dioxide (CO2) and...
asked 5 minutes ago -
For the reaction N2(g) +
O2(g) --> 2NO(g), if the initial
concentration of NO was 0.00M...
asked 8 minutes ago -
On a recent quiz, the class mean was 75 with a standard
deviation of 2.2. Calculate...
asked 24 minutes ago -
Discuss the Coefficient of Restitution in an elastic collision
compared to the Coefficient of Restitution in...
asked 28 minutes ago -
Pretend that you are
the audit manager on an annual financial statement audit engagement
for a...
asked 37 minutes ago -
A certain lens focuses light from an object 1.65 m away as an
image 41.8 cm...
asked 37 minutes ago -
Which metal has a resistivity that is within the range or
closest to 4.2X10^-6 to 4.7X10^-6...
asked 42 minutes ago -
5.) Suppose a researcher collected data on the mean height of
tomato plants grown in organic...
asked 55 minutes ago -
(b) A medical statistician wants to estimate the average weight
loss of people who are on...
asked 1 hour ago -
In scala,
Can you explain what is the difference between them, and why the
first one...
asked 1 hour ago -
True (T) or False (F) Questions
In a queuing system, if the system’s utilization is 100%,...
asked 1 hour ago