of the following events could shift the demand curve for gasoline to the left? Group of answer choices The income of gasoline buyers rises (and gasoline is a normal good). Public service announcements run on television encourage people to walk or ride bicycles instead of driving cars. The price of gasoline rises. Car dealerships in the state all have sales and drop their prices

If a strong economic recovery boosts average incomes, what would happen to the equilibrium price and quantity of a normal good and of an inferior good? The equilibrium price and quantity of a normal good would rise; those of an inferior good would fall. of a normal good would fall; those of an inferior good would rise. of a normal good would rise; those of an inferior good would also rise. of a normal good would fall; those of an inferior good would also fall.

In the market for Coke, which of the following can bring about an increase in the quantity demanded of Coke?   Question 14 options:   a)  an increase in the price of Pepsi, a substitute for Coke   b)  a decrease in the price of Coke   c)  a very effective advertising campaign by Coca-Cola   d)  an increase in income, assuming Coke is a normal good

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An increase in quantity demanded is caused by an increase in the price of a substitute of the product. an increase in consumers' income. a decrease in the price of the product. a shift in tastes and preferences.

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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.

suppose the demand curve for a product is given by Q=10-2P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00.   a)suppose P=$1.00, what is the price elasticity of demand?what is the cross- price elasticity of demand?   b)suppose the price of the good, P, increases to $2.00. Now what is the price elasticity of demand, and what is the cross-prices elasticity of demand?