Assume that the image shows demand for skirt steak, which is used to make fajitas. Which of the choices would show a decrease in the price of tortillas will change demand from: A. D1 to D2. B. D2 to D1. C. D3 to D2. D. D3 to D1.

True or false: keeping his maximum willingness to pay for a yacht in mind, Tim will buy the yacht because it will be worth more to him than its market price of $350,000

The following table shows how much utility Taran gets from watching his favorite teams, measured in "utils" (units of satisfaction). Team Manchester United Seattle Kraken Seattle Mariners. Seattle Seahawks Seattle Sounders. Seattle Storm Utils 68 81 78 64 72 86 Suppose Taran can only watch one of his favorite teams play. Assuming the cost to watch each team is the same, which team will Taran choose to watch?

Show full answers to part a) b) & c)

During the COVID 19 pandemic, the demand for personal protective equipment increased.  What adjustments would the market make as a result that would benefit the economy?   Group of answer choices   The price of personal protective equipment would fall because producers could not meet the demand at lower prices.   The price of personal protective equipment would rise, signaling to producers that more production was needed.   The price of personal protective equipment would rise, signaling to consumers that they should purchase less personal protective equipment.   The supply of personal protective equipment fell as production became more expensive.

Assume that coffee and tea are substitutes. John and Pamela are vendors at MANCOSA campus. John sells tea and Pamela coffee. They usually sell these drinks at R15 per cup, However, it is a cold Monday morning and Pamela decides to decrease the price of coffee to R12 a cup. The resultant effect would be movement along the demand curve for coffee takes place since it is a change in the price of coffee. Select one: O True O False

Use the figure below to answer the following question. Price Multiple Choice Quantity point 1 to point 4. D3 Refer to the three demand curves. A "decrease in demand" would be illustrated as a change from point 6 to point 3. line D3 to D2. line D₁ to D3 6 D₁ D₂

Maddie and Brandon are discussing their demand for Sour Patch Kids candy. Maddie buys 11 packages every month at a price of $2 and reduces her quantity demanded by 1 for every $0.05 increase in price. Brandon buys 21 packages every month at a price of $2 and reduces his quantity demanded by 2 for every $0.50 increase in price. Do not round your answers. (a) What are the equations of Maddie and Brandon's demand curves? Maddie's demand curve: P = Brandon's demand curve: P = (b) If the price of Sour Patch Kids candy is $1.25, what quantities do Maddie and Brandon demand? Maddie demands Brandon demands Qd+ Qd+ Maddie's marginal benefit is $ Brandon's marginal benefit is $ Sour Patch Kids candies. (c) What are Maddie and Brandon's marginal benefits of consuming their 16th packages of candy? Sour Patch Kids candies.