If price of tomato sauce/ French fries falls what happens to equilibrium price and quantity of pizza? (Tomato sauce = complementary good )

uppose that the citizens of a country are advised by the Health Authorities on the health benefits of consuming fresh ginger.   Demonstrate and explain, using a clearly labelled diagram, the effect of this information on the equilibrium price and equilibrium quantity of fresh ginger.

If computers are like most goods and the price of computers chips rise, then holding all else constant, the Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the price and quantity of computers will decrease b the price and quantity of computers will increase the price of computers will increases and quantity of computers will decrease d the price of computers will decrease and quantity of computers will increase

When does a consumer buy more quantity of a commodity at a given price? give three points.

43. If Mary's income increases and she consumes less rice. Therefore, rice is: 44. If the price of one product increases, the quantity demanded of another product increases, we can conclude that the products are:

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3. If all other factors remain the same, what happens to the demand curve for coffee if there is: (a) an increase in the price of tea, (b) a decrease in family income, (c) an increase in the price of coffee? In answering these questions draw and carefully label a set of axes. On the horizontal axis of your graph, show the quantity of coffee. On the vertical axis show the price per cup of coffee. Since you do not have specific data on prices and quantities demanded, just indicate prices with a P and Quantity with a Q. Focus on the general shape and position of the curves before and after events occur. Draw new curves to show what happens in each of the circumstances given, if necessary. 3. If all other factors are unchanged, what happens to the supply curve for coffee if there is: (a) an increase in wages paid to coffee store clerks, (b) an increase in the price of coffee, or (c) an increase in the number of coffee stores? In answering these questions draw graphs, as necessary, using…

3. If the demand for a product is perfectly price inelastic, what does the corresponding price consumption curve look like? Draw a graph to show the price consumption curve.

True or False *if the answer is false, expalain it 1. In the market for gasoline, the reason that the equilibrium quantity increased was that the increase in demand was less than the decrease in supply. 2. A fall in the price of iPads would shift the demand curve for iPads to the right. 3. Percentage an increase in the price of good Y is 40% causes a decrease in the quantity demanded of the X by 20%, then good X and good Y are complements. 4. Increasing in the apple price by 40% led to an decrease in the quantity of apple demanded by 60%, then the elasticity of demand is an inelastic type. 5. A price floor set by government will increase the equilibrium price and quantity in a Market

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