See Pigure entitled "Conumer move from A to B or C. Assume that this figure shows Gustavo's demand for a product called Daton. If Gustavo is originally at point A, which ot the following can cause him to move to point C. For each of the options given ume that all other determinants of demand (other than the change specified) remain unchanged. Conmet move hom A to B or C 40 20 10 Quaitity ) Decrease in price of Daton's subetinute Caton 2) Deerease in price of Daton 3) Increase in price of Datos 4)Inerease in Gustavo's income

Refer to the information provided in Figure 4 below to answer the questions that follow. Kyle's demand curve 言8 Figure 4 Demand 5 7 9 Number of turkey sandwiches per week Kyle would increase his consumption of turkey sandwiches from 7 to 9 per week if their price fell from $6 to $4 on the same demand curve. This illustrates the; O a. Concept of the law of diminishing marginal utility O b. Concept of income elasticity of demand O c. Concept of consumer surplus O d. Concept of Cross-price elasticity of demand.

The figure shows the supply curve of lead. What is the price elasticity of supply between points A and B? Between these two points is supply elastic or inelastic? XxT Between points A and B, the elasticity of supply is, is OA. 1.8, inelastic OB. 0.6, elastic OC. 0.6, inelastic OD. 1.8, elastic so the supply of lead Joe's Meat Ples wants to increase the quantity of meat pies that it sells by 8 percent. The price elasticity of demand for meat pies sold by Joe's Meat Pies is 4.0, What is the percentage price out that will achieve the firm's objective? The percentage price cut is percent Cat 8.00 7.00 6.00 5.00 4.00 3.00 $2.00 1.00 0.00 Price (dollars per ton) 1 Quantity (milions of tons per month) s Li ►

What is the sum of all individual demand curves for a product? Select one: summation demand cross out O b. market demand cross out Oc consumption demand cross out O d. total demand cross out