A tax placed on buyers of airline tickets willand causes the quantity of airline tickets to.the price received by sellers of airline ticketsSelect one:O a. not change; decreaseO b. raise; decreaseOc. reduce; decreaseO d. raise; increaseO e. reduce; increase When might the supply curve for microwave ovens shift?Select one:a. only when production technology changes.O b. only when the number of sellers of microwave ovens changes.Oc. when a determinant of the supply of microwave ovens other than the price of microwaveovens changes.O d. when any determinant of the supply of microwave ovens changes.O e. Only if the price of steel increases.

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Answered: A tax placed on buyers of airline…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 11RQ: As a general rule, is it safe to assume that a change in the price of a good will always have its...

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Similar questions

As a general rule, is it safe to assume that a change in the price of a good will always have its most significant impact on the quantity demanded of that good, rather than on the quantity demanded of miller goods? Explain.
Which one of the following would cause an increase in the supply of planes? Select one: O a. an increase in the price of planes O b. an increase in taxes applied to plane producers Oc. an improvement in the technology used to produce planes O d. a decrease in the demand for planes Which of the following results in a movement along the supply curve of spinach but does not shift the supply curve of spinach? Select one: O a. a rise in the price of spinach O b. disastrous weather that destroys half of this year's spinach crop this year Oc. great weather that produces a bumper spinach crop O d. an increase in wages for workers in spinach fields
If butter and margarine are substitutes, an increase in the price of butter causes: Select one: O a. quantity demanded of margarine to fall and the demand curve for butter to shift toward the origin O b. quantity demanded of butter remains constant, but the demand for margarine decreases O c. the demand curve for both butter and margarine shift O d. decrease in quantity demanded for butter and an outward shift of the demand curve for margarine
The demand for a given good will decrease when the price of its substitute and the demand for a given good also decreases when the price of its complement Select one: O a. None of the provided answers are correct O b. rises; rises O c. falls; falls O d. falls; rises Assume a demand curve for coffee; Which of the following would NOT shift the demand curve for coffee? Select one: O a. an increase in wages O b. a decrease in the price of tea O c. price of coffee changes O d. a change in taste for tea
What offect would an increase in the cost of materials used to produce cars have on the supply of cans? O Increase O Decrease
Which development would most likely cause the supply of a product to increase? O A. New technology allows the product to be made more quickly. O B. Companies expect the price of the product to fall significantly. O C. Fewer workers receive the education needed to create the product. D. Government regulations increash the cost of making the product.
K Does an increase in the supply of tank tops bring a surplus or a shortage of tank tops at the original price? How does the price of a tank top change as the market moves to its new equilibrium? An increase in the supply of tank tops brings a OA. surplus; fall O B. shortage; rise OC. shortage; fall O D. surplus; rise of tank tops at the original price, and the price of a tank top will K Does an increase in the supply of tank tops bring a surplus or a shortage of tank tops at the original price? How does the price of a tank top change as the market moves to its new equilibrium? An increase in the supply OA. surplus, fall OB shortage, rise OC. shortage, fall OD. surplus, rise tank tops brings a of tank tops at the original price, and the price of a tank top will
The figure illustrates the market for com. If point "a" represents the original equilibrium and point "b" the new equilibrium, which of the following could have caused the change? O A. an increase in the number of corn growers OB. an increase in the cost of the fertilizer used to grow the corn OC. a belief among corn farmers that the price of a bushel of corn will be higher next month O D. an increase the price of wheat, a substitute in production for corn O E. an increase in income if corn is a normal good Price (dollars per bushel of corn) b S₁ D $₂ Quantity (millions of bushels of corn per year)
Lumber You are in the lumber business. Your marketing department forecasts a surge in housing construction next quarter that is likely to raise the price of lumber. What do you do today? Select one: O a. Slide down the supply curve to a lower level of production. O b. Increase lumber supply to get ready for the higher sales expected in the future. O c. Decrease lumber supply and plan to produce more in the future. O d. Maintain lumber supply to position your firm for the surge next quarter. Check s page Next page MacBook PrO
Which of the following would definitely result in a higher price in the market for chocolate bars? Select one: O a. demand and supply both increase cross out O b. demand and supply both decrease cross ou Oc demand increases and supply decreases cross ou O d. demand decreases and supply increases cross ou
Which of the following must remain the same while defining the Law of Supply? O a. Price of other commodities O b. Technology c. Price of factors o d. All of these
The figure shows the supply curve of wallets. What is the change in the quantity of wallets supplied when the price of a wallet rises from $40 to $80, while all other influences on selling plans are unchanged? The quantity of wallets supplied O A. decreases by an unknown amount O B. increases by an unknown amount O C. increases from 8 million to 16 million O D. decreases from 16 million to 8 million C 100- 80- 60- 20- UT Price (dollars per wallet) Quantity (millions of wallets per year)

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A tax placed on buyers of airline tickets will the price received by sellers of airline tickets and causes the quantity of airline tickets to Select one: O a. not change; decrease O b. raise; decrease Oc. reduce; decrease O d. raise; increase O e. reduce; increase