Which would cause an increase in the demand for product A?
a. A decrease in the number of suppliers of product B
b. An increase in the cost of producing product A
c. A decrease in the price of a complementary product B
d. A decrease in the price of product A
Which would cause an increase in the demand for product A? a. A decrease in the...
Which of the following will cause the demand for product (A) to decrease? Select one: O a. an increase in the price of a substitute good (5) O b. an increase in the price of complementary product (C) c. population growth that causes an expansion in the number of persons consuming (A) O d. an increase in money income if (A) is a normal good
Which of the following events would cause an increase in aggregate demand? A. a decrease in consumption B. an increase in taxes C. a decrease in the price level D. a decrease in taxes
Which of the following will not cause demand for apples to increase or decrease? a reduction in the price of a complement for apples. a reduction in the price of apples a decrease in the number of consumers in the market. an increase in income.
Which of the following would be expected to cause a decrease in the quantity supplied of a certain good? 6. a. b. c. d. A decrease in the cost of materials used in producing that good An increase in the cost of materials used in producing that good A decrease in the price of the good An increase in the price of the good Suppose that at a price of $70 the quantity supplied in a market is 10 units,...
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
If the number of consumers in a market increases, the market demand curve will a. decrease, which is a shift to the left of the demand curve. b. increase, which is a shift to the right of the demand curve. c. not shift, but rather this will just cause a movement along the demand curve. d. do none of the above. In the competitive price-taker model, all firms in the market are assumed to be producing a. complementary products. b....
Which of the following would lead to an INCREASE in the demand for golf balls? a. A decrease in the price of golf balls. b. An increase in the price of golf clubs. c. A decrease in the cost of producing golf balls. d. An increase in average household income when golf balls are a normal good.
Which of the following would cause an increase in the demand for good X (an inferior good)? an increase in the price of good Y which is a complement to good X a decrease in the number of consumers an expectation of a lower price for good X a decrease in income a decrease in the price of good Z which is a substitute for good X In response the Covid-19 pandemic, many people want to purchase hand sanitizer. Simultaneously,...
in the market for natural gas which of the following would cause an increase QUESTION 2 In the market for natural gas, which of the following would cause an increase in equilibrium quantity combined with a decrease in equilibrium price? (Choose all that apply) An increase in the cost of equipment needed to extract natural gas. An increase in the number of producers in the industry An increase in the income of buyers of natural gas. A decrease in the...
42. Demand that is not significantly altered by the price increase or decrease. a. elastic demand b. comparative demand c. differential demand d. inelastic demand 43. The point at which the costs of producing a product equal the revenue made from selling the product. a. revenue point b. breakeven point c. economic point d. supply point 44. Two or more transportation modes use in combination. a. intermodal transportation ...