The price of cassette tapes will decrease when a the price of CDs increase. b the...
The price of cassette tapes will decrease when
|
a |
the price of CDs increase. |
|
b |
the price of an important input increases. |
|
c |
quantity demanded increases. |
|
d |
tastes of consumers change such that they like CDs more than they did before. |
Homework Answers
"D"
The taste of the consumer change and they demand the substitute more than other good, this will decrease the price of the cassette in the market.
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The price of cassette tapes will decrease when
a
the price of CDs increase.
b
the...
Question 18 (1 point) When a tax is placed on the sellers of a product, buyers...
Question 18 (1 point) When a tax is placed on the sellers of a product, buyers pay O a) less, and sellers receive less than they did before the tax. Ob) more, and sellers receive more than they did before the tax. Oc) less, and sellers receive more than they did before the tax. d) more, and sellers receive less than they did before the tax. Question 19 (1 point) If the price elasticity of demand for a good is...
9 Options for A=surplus or shortage B= rise or fall C= increase/decrease D= increase/decrease E=lower/higher and...
9
Options for
A=surplus or shortage
B= rise or fall
C= increase/decrease
D= increase/decrease
E=lower/higher and lower/higher quantity
F=yes/no
G=because there was a change in demand/because the new
equilibrium has a lower price and quantity
Critically evaluate: "In comparing the two equilibrium positions in the diagram below, I note that a smaller amount is actually demanded at a lower price. This refutes the law of demand." D, D2 Quantity a. A decrease in demand from D to D2 results in...
36) What would happen in the red apple market if the price of golden apples decreases?...
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Holding demand constant, a decrease in supply will typically ___________ a. decrease equilibrium price but leave...
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5. If the demand for product X is inelastic, a 4 percent decrease in the price...
5. If the demand for product X is inelastic, a 4 percent decrease in the price of X will A. decrease the quantity of X demanded by more than 4 percent. B. decrease the quantity of X demanded by less than 4 percent. *C. increase the quantity of X demanded by more than 4 percent. D. increase the quantity of X demanded by less than 4 percent.
a decrease in supply and an increase in quantity demanded. O an increase in supply and...
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Question 5 If a market is in equilibrium, then all demanders receive the goods they want,...
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The consumer market for hamburgers when there is a decrease in the price of hotdogs (assuming...
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Question 18 (1 point) When a tax is placed on the sellers of a product, buyers pay O a) less, and sellers receive less than they did before the tax. Ob) more, and sellers receive more than they did before the tax. Oc) less, and sellers receive more than they did before the tax. d) more, and sellers receive less than they did before the tax. Question 19 (1 point) If the price elasticity of demand for a good is...
9
Options for
A=surplus or shortage
B= rise or fall
C= increase/decrease
D= increase/decrease
E=lower/higher and lower/higher quantity
F=yes/no
G=because there was a change in demand/because the new
equilibrium has a lower price and quantity
Critically evaluate: "In comparing the two equilibrium positions in the diagram below, I note that a smaller amount is actually demanded at a lower price. This refutes the law of demand." D, D2 Quantity a. A decrease in demand from D to D2 results in...
36) What would happen in the red apple market if the price of golden apples decreases? 36) A) The demand for red apples would increase B) The quantity demanded of red apples would increase C) The demand for red apples would fall. D) Nothing, they are separate and unrelated commodities. 37) Market demand shows: 37) A) the quantity of a good that one seller will sell at a given price B) the quantity of a good that one buyer will...
5. If the demand for product X is inelastic, a 4 percent decrease in the price of X will A. decrease the quantity of X demanded by more than 4 percent. B. decrease the quantity of X demanded by less than 4 percent. *C. increase the quantity of X demanded by more than 4 percent. D. increase the quantity of X demanded by less than 4 percent.
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