An increase in demand A.Results in a leftward shift of the demand curve. B.could be caused...
An increase in demand A.Results in a leftward shift of the demand curve. B.could be caused by an increase in the price of a substitute good C. could be caused by a decrease in the price of the good D. is shown as movement down along a demand curve.
Homework Answers
Correct option is (B).
When price of a substitute increases, quantity demanded of the substitute decreases and demand for the good in question increases, shifting its demand curve rightward.
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An increase in demand A.Results in a leftward shift of the
demand curve. B.could be caused...
Indicate which of the following will cause a movement along a demand curve. Which will shift...
Indicate which of the following will cause a movement along a demand curve. Which will shift the demand curve to the left? Which will shift the demand curve to the right? Will demand increase or decrease? DRAG AND DROP TO MATCH. MATCH LETTERS TO NUMBERS e.g. 1A, 2B, 3F, 4C, 5E 1. An increase in the price of the good 2. An increase in income for a normal good 3. A decrease in the price of a substitute good 4....
se Content Quiz Instructions uncements Your quiz may not get submitted properly if you exceed the...
se Content Quiz Instructions uncements Your quiz may not get submitted properly if you exceed the time limit. Also, if possible, use the same computer that you've been using for your class. es ous se Evalua D Question 6 3 pts An increase in demand: 16 borations O could be caused by an increase in the price of a substitute good. O could be caused by a decrease in the price of the good. O is shown as movement down...
24) An increase in the demand for bananas will NOT be caused by: A) a rise...
24) An increase in the demand for bananas will NOT be caused by: A) a rise in the price of apples. B) news that bananas help relieve stress in people buyers switching to a more healthy diet. D) a drop in the market price of bananas. 25) 26) If the demand for a good increases when there is high unemployment, we can conclude that the commodity is: 26) A) a good for which the law of demand does not apply...
9. A shift to the right of the demand curve could be caused by a(n): A...
9. A shift to the right of the demand curve could be caused by a(n): A decrease in tastes or preferences. B decrease in the price of a substitute. C increase in income if the good is normal. D increase in the price of a complement. 10. Suppose that summer in a resort town is very rainy. We can expect demand to shift and the equilibrium price for hotels to . A left; fall B left; rise C right; fall...
a. An increase in the price of good x will be accompanied by: only a shift...
a. An increase in the price of good x will be accompanied by: only a shift in the market demand curve for good y (a substitute for good x). only a shift in the market demand curve for good x. only a movement along the market demand curve for good.x. both a shift in the market demand curve for good y (a substitute for good x) and a movement along the market demand curve for good x. C.
QUESTION 4 To an economist, a decrease in supply means a: a. leftward shift of the...
QUESTION 4 To an economist, a decrease in supply means a: a. leftward shift of the supply curve. b. movement up along a supply curve. c movement down along the supply curve. d. rightward shift of the supply curve. QUESTION 5 Consumers will willingly make less-informed decisions: a. whenever acquiring more information requires sacrifice. b. if information costs are less than the perceived benefits of gathering information. c. if information costs are greater than the perceived benefits of gathering information....
otes more of its res B. Cause its producti its production possibilities curve to shift outward...
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Which of the following events could have caused the demand curve to shift? Figure 2.5 Price...
Which of the following events could have caused the demand curve
to shift?
Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
1. Which of the following represents the law of supply? An increase in the price of...
1. Which of the following represents the law of supply? An increase in the price of a good causes a rightward shift of the supply curve for that good. An increase in the price of a good causes an increase in the supply of that good. An increase in the price of a good causes an increase in the quantity supplied of that good. all of the above 2. The quantity supplied of a particular good is the amount of...
The size of a movement ALONG a demand curve caused by a shift in supply would...
The size of a movement ALONG a demand curve caused by a shift in supply would be measured by the Select one: a. cross-price elasticity of demand b. elasticity of supply c. elasticity of demand d. cross-price elasticity of supply
se Content Quiz Instructions uncements Your quiz may not get submitted properly if you exceed the time limit. Also, if possible, use the same computer that you've been using for your class. es ous se Evalua D Question 6 3 pts An increase in demand: 16 borations O could be caused by an increase in the price of a substitute good. O could be caused by a decrease in the price of the good. O is shown as movement down...
24) An increase in the demand for bananas will NOT be caused by: A) a rise in the price of apples. B) news that bananas help relieve stress in people buyers switching to a more healthy diet. D) a drop in the market price of bananas. 25) 26) If the demand for a good increases when there is high unemployment, we can conclude that the commodity is: 26) A) a good for which the law of demand does not apply...
a. An increase in the price of good x will be accompanied by: only a shift in the market demand curve for good y (a substitute for good x). only a shift in the market demand curve for good x. only a movement along the market demand curve for good.x. both a shift in the market demand curve for good y (a substitute for good x) and a movement along the market demand curve for good x. C.
QUESTION 4 To an economist, a decrease in supply means a: a. leftward shift of the supply curve. b. movement up along a supply curve. c movement down along the supply curve. d. rightward shift of the supply curve. QUESTION 5 Consumers will willingly make less-informed decisions: a. whenever acquiring more information requires sacrifice. b. if information costs are less than the perceived benefits of gathering information. c. if information costs are greater than the perceived benefits of gathering information....
otes more of its res B. Cause its producti its production possibilities curve to shift outward in the future. on possibilities curve to shift inward in the future. urces to capital investment is likely to ase the sl ope of its production possibilities curve. its production possibilities curve slope of 6. The demand curve shows A. How B The C. How muc much people are willing and able to buy at every price amount that people are willing and able...
Which of the following events could have caused the demand curve
to shift?
Figure 2.5 Price $10- 0 2 4 6 5 10 Quantity 75. (Figure 2.5) Which of the following events could have caused the demand curve to shift? I. The price of a substitute good decreased. II. The price of a complement good increased. III. The income of consumers increased. IV. The number of buyers in the market increased. A) B) C) D) I, II, III and IV...
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