Vhich of the following causes a shift in the supply of golf clubs? O golf courses reduce the fee they charge to play O golf balls become more expensive O golf carts are banned O golf club manufacturers no longer have to provide health insurance for their workers

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Which service will NOT likely have an increased demand as the population ages? O Elementary Education O Pharmaceuticals O Health care O Bioengineering

How would a decrease in the cost of production affect the market for new washing machines? O Supply would decrease, leading to a reduction in price and a reduction in quantity sold. O Supply would increase, leading to a reduction in price and an increase in quantity sold. Supply would decrease, leading to an increase in price and a reduction in quantity sold. Supply would increase, leading to an increase in price and an increase in quantity sold.

Figure 4-19 The diagram below pertains to the demand for turkey in the United States. ↑price DB O x to y. Oy to x. O DA to DB- O D₂ to DA DA quantity Refer to Figure 4-19. All else equal, the premature deaths of thousands of turkeys would cause a move from

Corn can be used to make tortilas or to make ethanol fuel for trucks and automobiles. Which of the following statements is incorect? O Increased production of com is likely to result in a higher price for both ethanal and tortillas. An increase in the price of ethanol is likely to resut in increased production of com Onereased demand for tortiles is likely to resut ina higher price for ethanol An increse in the price of ethanal liety to esut in an inose in the price of tortilas

what does it mean for a market to be charcterized

Traffic fee The graph below shows the daily demand for entry into the downtown core of a major city by commuter vehicles and shoppers' vehicles if they were required to pay a special traffic fee in order to enter. a. Draw the total demand curve. Plot only three points of the curve. 14 12 10 4 Commuters Shoppers Tools 0 6 12 18 24 30 36 42 Number of vehicles per day (tens of thousands) Total demand b. Assuming that there is no charge for entry, what is the total number of vehicles entering downtown? (Give your answers in tens of thousands of vehicles.) Quantity of vehicles: c. Suppose that government, in an effort to reduce the number of vehicles by 50 percent, decides to impose a traffic fee (the same fee for both commuters and shoppers) for entry into the downtown area. What will be the amount of the fee, and how many of each group will enter downtown? Fee: $ Number of commuter vehicles: Number of shoppers'vehicles: [ оп d. Assume that government, alternatively, decides to have a…

The products produced in a competitve market are