Due to fall in cost of making bicycle, the price of bicycle had gone down. What changes will we see in the demand curve of bicycle.

Which of the following will shift the demand curvefor pizza to the right?a. an increase in the price of hamburgers, asubstitute for pizzab. an increase in the price of root beer, acomplement to pizzac. the departure of college students, as they leavefor summer vacationd. a decrease in the price of pizza

Demand curve slope downward because, other things held equal, A. An increase in a product's price lowers B. Decrease in a product's price lowers C. A decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units D. An increase in a product's price raises MU per dollar and makes consumers wish to purchase more units

Hans is a butcher in Washington. The following contains data on prices and weekly sales at his shop Good Beef Chicken Price 9.00/lbs $4.00/lbs Quantity 400 lbs 300 lbs ShS He estimates that the own price elasticity for beef is 2 and for chicken is .75. He also estimates that the cross price elasticity for chicken is .60. His current revenue from the sale of these two goods is making a total of $4800/week. In the spirit of the return to good times and outdoor grilling, he has decided to lower the price of beef for the summer, from $9.00 to $8.55. Overall, Hans can expect to take in dollars in revenue, given the information in this problem? (Revenue = Price x sales). Record your answer without a dollar sign and without a comma. Helpful Hint: In this problem, we are not changing the price of chicken.