Price 52 D2 Quantity competitive equilibrium in the market for motorcycles at the intersection of D2 and S2 (point E). If the technology to produce motorcycles improves and the number of buyers increases, how will the equilibrium point Refer to Figure 3-8. The graph in this figure illustrates an initial change? O The equilibrium point will move from E to A. O The equilibrium point will move from E to B. O The equilibrium point will move from E to C. O The equilibrium point will remain at E.

Price A) Price C) Do Quantity Quantity Di Price B) Price Panel D) shows which of the following? D) ✓ D₁ Quantity 0₁ Do Quantity O a decrease in demand and an decrease in quantity supplied O a decrease in demand an a decrease in supply O an increase in demand and a decrease in quantity supplied O an increase in quantity demanded and an increase in quantity supplied

Use the supply and demand schedule below to plot the supply and demand curves for tequila in this market. Tequila Price Quantity Demanded Quantity Supplied 10 100 15 70 10 20 42 22 25 12 35 30 48 What is the equilibrium price? O a 23 dollars O b 43 dollars Oc 13 dollars 33 dollars ME 国 国

At the beginning of the pandemic, millions of people became unemployed. Around the same time, the demand for rice increased dramatically. Rice is what type of good? O An inferior good A substitute A normal good A complement

Figure 4-1 Price of lce cream cones $4.00 $3.50 $3.00 $2.50 Demand Quantity of ice cream cones Figure 4-1 shows Kendra's demand curve for ice-cream cones. Refer to Figure 4-1. What is the total amount that Kendra is willing to pay for 2 ice cream cones? O$1.50 O$3.00 O$5.50 O$6.50

Consider the market demand for compact cars. Complete the following table by indicating whether an event will cause a movement along the demand curve for compact cars or a shift of the demand curve for compact cars, holding all else constant. Event A decrease in the price of gasoline (a complement for compact cars) A decrease in the price of compact cars A decrease in the number of consumers Movement Along Shift O O

Answer the following questions

Q15

You are a market analyst, and you are hired to analyze the demand for good X Identify the reason that will result in a shift to the right of the demand curve for X? O A decrease in the price of X An increase in the price of a good that is a complement to good X An increase in the price of a good that is a substitute for X all of the above

Price of tin and silicone decrease affecting the market for iPhones A)Decrease in supply B)Decrease in demand C)Increase in supply D)Increase in demand