Economics For Today
9th Edition
ISBN: 9781305507074
Author: Tucker, Irvin B.
Publisher: Cengage Learning,
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Chapter 3, Problem 2SQ
To determine
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An increase in demand means that:
a. when the price falls, consumers are willing to purchase greater quantities of the good.
b. consumers cause the price drop by buying greater quantities of the good.
C. consumers are willing to purchase greater quantities of the good at any given price.
d. when the price rises, consumers are willing to purchase greater quantities of the good.
The law of demand implies, holding everything else
constant, that as the price of pizza Select one: A.
decreases, the demand for pizza will increase. B.
decreases, the quantity of pizza demanded will
decrease. C. decreases, the demand for pizza remains
unchanged. D. increases, the demand for pizza will
increase. E. increases, the quantity of pizza demanded
will decrease.
When there is an increase in demand,A. the demand curve shifts to the right of the original demand curve.B. the demand curve rotates clockwise.C. the demand curve shifts to the left of the original demand curve.D. the demand curve rotates counterclockwise.E. a lower price has increased the amount of the good that consumers will buy.
Chapter 3 Solutions
Economics For Today
Ch. 3.6 - Prob. 1YTECh. 3.7 - Prob. 1GECh. 3.7 - Prob. 2GECh. 3.7 - Prob. 3GECh. 3.A - Prob. 1SQPCh. 3.A - Prob. 2SQPCh. 3.A - Prob. 3SQPCh. 3.A - Prob. 4SQPCh. 3.A - Prob. 1SQCh. 3.A - Prob. 2SQ
Ch. 3.A - Prob. 3SQCh. 3.A - Prob. 4SQCh. 3.A - Prob. 5SQCh. 3.A - Prob. 6SQCh. 3.A - Prob. 7SQCh. 3.A - Prob. 8SQCh. 3.A - Prob. 9SQCh. 3.A - Prob. 10SQCh. 3 - Prob. 1SQPCh. 3 - Prob. 2SQPCh. 3 - Prob. 3SQPCh. 3 - Prob. 4SQPCh. 3 - Prob. 5SQPCh. 3 - Prob. 6SQPCh. 3 - Prob. 7SQPCh. 3 - Prob. 8SQPCh. 3 - Prob. 9SQPCh. 3 - Prob. 10SQPCh. 3 - Prob. 11SQPCh. 3 - Prob. 12SQPCh. 3 - Prob. 1SQCh. 3 - Prob. 2SQCh. 3 - Prob. 3SQCh. 3 - Prob. 4SQCh. 3 - Prob. 5SQCh. 3 - Prob. 6SQCh. 3 - Prob. 7SQCh. 3 - Prob. 8SQCh. 3 - Prob. 9SQCh. 3 - Prob. 10SQCh. 3 - Prob. 11SQCh. 3 - Prob. 12SQCh. 3 - Prob. 13SQCh. 3 - Prob. 14SQCh. 3 - Prob. 15SQCh. 3 - Prob. 16SQCh. 3 - Prob. 17SQCh. 3 - Prob. 18SQCh. 3 - Prob. 19SQCh. 3 - Prob. 20SQ
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Similar questions
- 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.arrow_forwardsuppose pizzas and burgers are substitutes. what will definitely happen if there is an increase in the price of pizza? a. demand for burgers will increase. b. supply of burgers will decrease. c. demand for burgers will decrease. d. supply of burgers will increase.arrow_forwardWhich of the following increases the supply of meals from KFC? a. Consumers' incomes increase and meals from KFC are a normal good. b. Consumers' incomes decrease and meals from KFC are a normal good. c. The price of movies, a complement to KFC meals, increases. d. Cashiers receive a reduction in salaryarrow_forward
- What will happen if the income of consumers rises? a. The quantity demanded of normal goods will increase and other things will decrease. b. The quantity demanded of normal goods remains the same and other things will decrease. c. The quantity demanded of normal goods will increase and other things remain the same. d. The quantity demanded of normal goods will decrease and other things remain the same.arrow_forwardIf milk is a normal good, then a decrease in consumers’ income will definitely cause A a decrease in the demand for milk.B an increase in the demand for milk.C an increase in the supply of milk.D a decrease in the supply of milk.E an increase in the demand and supply of milk.arrow_forwardAs the price of bananas increases, ceteris paribus, the law of demand implies A. the quantity of bananas demanded will decrease. B. the demand for bananas will decrease. C. the quantity of bananas demanded will increase. D. the demand for bananas will increase.arrow_forward
- 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.arrow_forward Select one: a. a decrease in the price of 7-UP, assuming 7-UP is a substitute for Dr. Pepper b. an increase in the price of sugar used to make Dr. Pepper c. an increase in the price of Dr. Pepper d. an increase in income, assuming that Dr. Pepper is a normal goodarrow_forwardAssume that good Z is an inferior good for a consumer. If the consumer's income increases, thenA. the supply of good Z will increase.B. the supply of good Z will decrease.C. the demand of good Z will increase.D. the demand of good Z will decrease.arrow_forward
- If people buy less flowers at every price when their incomes fall, then a. there has been a decrease in population that changed demand. b. the demand for flowers is positively sloped. c. demand for flowers has increased. d. flowers are a normal good. e. the price of flowers has increased.arrow_forwardDemand curves slope downward because, other things held equal, a. An increase in a product’s price lowers MU. b. A decrease in a product’s price lowers MU. c. A decrease in a product’s price raises MU per dollar and makes consumers wish to purchase more units. d. An increase in a product’s price raises MU per dollar and makes consumers wish to purchase more units.arrow_forwardCheese and buns are complements. Which of the following is true if cheese becines less expe sive? A. The quantity demanded for bun will decrease. B. The quantity demanded for bun will remain the same but the price will increase. C. The quantity demanded for bun will remain the same but the price will decreased. D. The quantity demanded for bun will increase.arrow_forward
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