If pasta is an inferior good, then the demand curveshifts to the _________ when _________ rises.a. right; the price of pastab. right; consumers’ incomec. left; the price of pastad. left; consumers’ income

Q: The law of demand states, other things being equal, the higher the price of a good, the ____

A: Law of demand states that there is an inverse relationship between price and quantity demanded and…

Q: help me tutors (choose answer correctly) not neccessarily to explan. 1. Evaluate the movement from…

A: Demand curve is the graphical representation of demand schedule which hold the inverse relationship…

Q: 1. If the price of tacos increase from $2 to $3 then a. demand will increase b. demand will decrease…

A: 1. If the price of tacos increases from $2 to $3 then Quantity demanded will decrease Therefore, the…

Q: Coffee and sugar are COMPLEMENTARY goods. If the demand for sugar BY JAM PRODUCERS increases, an…

A: Demand is the quantity of a good or service that consumers are willing and able to purchase at…

Q: price is above the equilibrium, there will be excess supply of the product

A: True :-  Because if the price of a good is above the  equilibrium, this means that the quantity of…

Q: What happens in the market for bike sharing if the supply of bikes increases by more than the demand…

A: An equilibrium cost, otherwise called a market-clearing cost, is the buyer cost doled out to a few…

Q: 2 In a supply and demund diagram, draw. the shift 'f'the demand curve for ham burgers in following…

A: d. When the income of the consumers fall, the demand for inferior goods rises in the market. The…

Q: The price of tilapia increases from P120/kilo to P130/kilo. Which of the following scenario will…

A: Demand curve is downward sloping showing inverse relationship between price and quantity demanded.

Q: Suppose hamburger is an inferior good. If incomes increase, the __________ for hamburger would shift…

A: Inferior good is one that whose demand is negatively related to the income of an individual.

Q: At any point on an ind ifference curve, the slope of thecurve measures the consumer'sa. income.b. wi…

A: In traditional indifference curve analysis, a two-dimensional graph is used. Each axis represents a…

Q: Exhibit 3-6 02 Quantity of Good X efer to Exhibit 3-6. If a decrease in income causes the demand for…

A: A substitute good is good whose demand increases when the price of another good increases. A…

Q: What happens to the supply curve when the supply of bottled water changes? When the supply of…

A: A Supply curve measures the relationship between the price of the good and to quantity supplied of…

Q: QUESTION 3 An increase in the price of a good will O a. decrease supply. b. decrease quantity…

A: When price increases (decreases), as per law of supply, quantity supplied will increase (decrease),…

Q: a. Use supply and demand to graphically illustrate the equilibrium price and quantity of Pizza Hut…

A: The markets are the places where the buyers of goods, services and other products meet, and interact…

Q: 1. If the number of buyers in a market decreases, then: a. Demand will increase. b. Demand will…

A: The buyers and the demand rate hold a positive relationship. The number of potential buyers does…

Q: What happens in the market for bottled water when both the demand for and supply of bottled water…

A: Market forces that are stable and have no plans to alter are said to be in an equilibrium state. In…

Q: The supplier of a good decreases the price of a good but notices that the total revenue from the…

A: The ceteris paribus presumption: Supply bends relate costs and amounts provided accepting no…

Q: If consumer income falls and as a result the demand for a good rises, then that good can be…

A: There are two types of goods depending on its relationship with income.

Q: 9. The law of supply states that, other things equal or constant, when the price of a good falls,…

A:

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: Explicit costs are the costs actually paid or we can say these are accounting costs.

Q: If a good is "inferior," what will a decrease in income result in? O a. no change in the demand for…

A: Inferior good : An inferior good is that good for which the income effect is negative. It means that…

Q: A. Hypothetical Demand Schedule Product X(in Kilos) Prices PO 100 200 300 400 500 Requirement…

A: The term "demand curve" describes a visual depiction of the connection between a product's price and…

Q: All else being equal, if an average family’s income were to decrease because of the elimination of a…

A: All else being equal, if an average family’s income were to decrease, the demand for cheaper…

Q: 4. Basil and celery leaves are substitutes in making noodle soups. A rare drought destroyed a good…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: QUESTION 31 We say that a good is an inferior good if Oa. the quantity demanded for the good rises…

A: A good is inferior if it is not a normal good. In technical terms, when the demand for a good…

Q: Which will NOT cause a shift of the demand curve to the right?    a. The release of the 13th month…

A: Demand curve shows inverse relationship between price and quantity demanded. Rightward shift in…

Q: 2. Assume equations 1 and 2 below were estimated from the data gathered that will represent the…

A: Introduction We have given a demand and supply equations. Equation of demand function: Qdx = 65,000…

Q: Maria graduates from college and her income increases by $45,000. Nothing else changes. Maria…

A: Given that Maria's income increases by $45,000 and nothing else changes. Maria consumes three goods,…

Q: Supply and Demand: End of Chapter Problem Price Income increases, and the demand for good X shifts…

A: Qd(quantity demanded) of a product depends on variables such as own price (P), income level(Y),…

Q: In Law of Supply, the quantity supplied of a product decreases when_________ a. Price of the good…

A: According to the law of supply, other things being constant, there exist a  direct relationship…

Q: 37. If commodity Mis an inferior good, which of the following must be true? a. The demandcurve for…

A: An inferior good is a good which the consumer will prefer less if he/she can afford better quality…

Q: Which would decrease the price of eggs? OA technological advance that lowers the cost of producing…

A: Supply refers to the quantity that a seller wishes to sell at a given price in given period of time.

Q: a. What are the determinants of demand? Instructions: Click the box with a check mark for correct or…

A: Demand shows the relation between P and Q that consumers are willing to buy, assuming all other…

Q: 2. When price of A $10, quantity demanded 50. Then, price of A increase $3, quantity demanded…

A: The formula for calculating cross price elasticity is given below. Cross price elasticity=Q2 good…

Q: 3. In the following diagram, the price of Good Y has decreased. What type of good is Good Y? Sood Y…

A: A normal Good is that good which have inverse relationship between price of the given good and the…

Q: 4. Using three-step method to analyze the effects of each even on the equilibrium price and quality…

A: Equilibrium Price: The price at which the quantity supplied equals the quantity demanded in a…

Q: 6. How would an increase in income for an inferior good affect demand for the good? How would an…

A: Demand is the desire of an individual ability and willingness to pay for a product. The demand is…

Q: II. Determine the effect on equilibrium price and quantity sold if the following changes occur in a…

A: The quantity of a good supplied in the marketplace when the quantity supplied by sellers exactly…

Q: Figure 4-5 Pice Prce Quantiy Quentity Price Price Quant Quanety 7. Refer to the Figure 4-5. Which of…

A: In a market, if there is a change in any demand-side or supply-side determinant, it will affect the…

Q: What happened to the equilibrium price and quantity of Chick-fil-A when Popeye's released their…

A: Chick-fil-A and chicken sandwich are substitutes goods. Such goods can be used in the place of…

Q: Think Critically a. Use the data below to construct a demand curve for pizza. Price Quantity 14…

A: The law of offer and demand may be a theory that explains however the sellers of a resource move…