In terms of our shift variables of demand and supply, how are each of the following pairs related? Which side of the market for the second good (supply or demand) is affected by the change in the price of the first good.   a. wheat and bread b. butter and bread c. peanuts and peanut butter

If coffee and tea are substitutes, then an increase in the price of coffee a. Shifts the demand curve for tea to the right. b. Decreases the amount of coffee purchased. c. Increases the price of tea. d. All of the above.

Which of the following events will cause the demand curve for hamburgers to shift to the right? O An increase in the price of pizza, a-substitute for hamburgers b. An increase in the price of French fries, a complement to hamburgers c. An increase in the price of hamburgers d. A decrease in the price of hamburgers

8. Shifts in supply or demand I The following graph plots the market for scones in Houston, where there are always over 1,000 bakeries, Suppose the price of donuts increases. (Assume that people regard scones and donuts as substitutes.) Show the effect of this change on the market for scones by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dolars per scone) Supply Demand Demand 1 Supply ?

A change in which of the following will shift the demand curve for hamburgers? Select one: a. A fall in the price of french fries, a complement for hamburgers. b. An increase in the price of a hamburger. c. An increase in the number of hamburger restaurants. d. An.increase in the price of the meat used to produce hamburgers.

Question 13 Which of the following events would cause a movement upward and to the left along the demand curve for olives? Od. The price of olives rises O a. The number of people who purchase olives decreases O b. Consumer income decreases, and olives are a normal good Oc. The price of pickles decreases, and pickles are a substitute for olives.

Suppose that tacos and pizza are substitutes, and that soda and pizza are complements. We would expect an increase in the price of pizza to: O reduce the demand for both soda and tacos. reduce the demand for soda and increase the demand for tacos. increase the demand for both soda and tacos. O reduce the demand for tacos and increase the demand for sodas.

Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas?    a. Quantity of pizza would rise, and the effect on price would be ambiguous.   b. Price of pizza would fall, and the effect on quantity would be ambiguous.   c. Quantity of pizza would fall, and the effect on price would be ambiguous.   d. Price of pizza would rise, and the effect on quantity would be ambiguous.

What happens to the equilibrium price and quantity of ice cream in response to each of the following? Explain your answers with(separate) demand and supply diagrams. a. People tend to eat ice-cream as their desserts. b. The price of sugar(used to produce ice cream) increases. c. Concerns arise about the fat content of ice cream. At the same time, the price of sugar(used to produce ice cream) increases.

Imagine that the table shows the quantity demanded of UGG boots at five different prices in 2021 and in 2022. Which of the following variables could cause the demand for UGG boots to change as indicated from 2021 to 2022? (Check all that apply.) A. The expectation that UGG boots will fall in price. B. A decrease in the price of UGG boots. C. An increase in the number of buyers. D. A decrease in the price of a complementary good. A Price $160 170 180 190 200 Quantity Demanded 2021 8,000 7.500 7,000 6,500 6,000 Quantity Demanded 2022 9,000 8,500 8,000 7,500 7,000