1) All of the following except one would increase the amount of a particular model of a Ford automobile that buyers would like to buy. Which is the exception?
2) Blue-ray DVD and its player are complementary goods. An increase in the price of Blue-ray DVDs results in a(n)
3) Both Supply and Demand increase will result in
4) An decrease in a company's total revenue for a product occurs if
Ans1) the correct option is a) a technological breakthrough
ans2) the correct option is b) decrease in the demand for Blue-ray DVD players
ans3) the correct option is d) an increase in equilibrium price and an indetermination in equilibrium quantity
ans4) the correct option is b) demand is inelastic and price decreases
1) All of the following except one would increase the amount of a particular model of...
Question 1 Other things remain unchanged, the market demand curve for a particular expected to shift leftwards when the price of that product declines. . True False Question 2 Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? The costs of producing a single Blue-ray player increases. The number of firms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future. Non of the above factors causes the...
Other things remain unchanged, the market demand curve for a particular product is expected to shift leftwards when the price of that product declines.Question 1 options:TrueFalseQuestion 2Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards?Question 2 options:The costs of producing a single Blue-ray player increases.The number of firms selling Blue-ray players increases.The sellers are expecting the price of Blue-ray players to decline in the soon future.Non of the above...
Question 5 (10 points) Saved Knowing that coffee and tea are substitutes, suppose that the demand for coffee increases and, at the same time, the supply of the coffee decreases. What would surely happen in the tea market? The Demand for tea will go up because the price of coffee went up The price of tea will go down because the price of coffee went up. The supply of tea will go down because the price of coffee went up....
Which of the following is a true statement? A. If demand is inelastic and the price increases, the total revenue will increase. OB. If demand is inelastic and the price increases, the total revenue will decrease. C. If demand is elastic and the price increases, the total revenue will increase. D. If demand is elastic and the price decreases, the quantity demanded will decrease. Reset Selection MacBook Air
10. An increase in the supply of housing accompanied by a decrease in the demand for housing leads to: a. an unambiguous increase in both the equilibrium price and quantity of housing b. a decrease in the equilibrium quantity of housing but the change in equilibrium price cannot be determined from the information given C. an unambigious decrease in both the equilibrium price and quantity of housing d. a decrease in the equilibrium price of housing but the change in...
please answer all 3 asap
Question 1 3 pts 1. The absolute price elasticity of demand for coffee equals 0.25. This means that: A 1% increase in the price of coffee will cause a 25% decrease in the quantity demanded of coffee A 1% increase in the price of coffee will cause a 25% decrease in the quantity demanded of coffee A1 unit increase in the price of coffee will cause a 0.25 unit decrease in the quantity demanded of...
26. The law of demand states that, other things equal, an increase in a. price causes quantity demanded to increase. b. price causes quantity demanded to decrease. c. quantity demanded causes price to increase. d. quantity demanded causes price to decrease. 27. Refer to Figure 4. Which of the following would cause the demand curve to shift from Demand B to Demand C in the market for DVDs in the United States? a. a decrease in the price of DVDs b. a decrease in the price of DVD...
19. Suppose that the incomes of buyers in a particular market for an inferior good decline. At the same time, there is an increase in input prices. What would we expect to occur in this market? A. Equilibrium price would decrease, but the impact on the amount sold in the market would be ambiguous. B. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. C. Equilibrium price would increase, but the impact on the amount sold...
Could someone take note for me from this paragraph with
explantation. Thank you in advance
CUPTERS Demand laddes 81 Price Elasticity Values The calculated value of all price elasticities for downward signe demand Elastic demand s neative number, given the inverse relationship between price and quas The per change in demanded by comment y demanded. Ir price increases, quantity demanded decreases and vice versa than the percentage change in Therefore, it is easier to drop the negative son and examine...
Refer to Figure 5-1. A perfectly elastic demand curve is shown
in
Panel D.
Panel A.
Panel C.
Panel B.
Refer to Figure 5-5. The data in the diagram indicates that
DVDs
are luxury goods.
are both luxury goods and price inelastic goods.
are price inelastic goods.
are both necessities and price inelastic goods.
are necessities.
3-
Consider the following pairs of items:
a. shampoo and conditioner
b. iPhones and earbuds
c. a laptop computer and a desktop computer
d....