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.
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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.
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-  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 goodWhich would cause a decrease in the quantity of computers supplied? A. An increase in the demand for computers B. A decrease in the demand for computers C. An increase in the incomes of consumers D. A decrease in the price of parts for making computersAn 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.
- Assume that imitation gemstones (an inferior good) are a low-cost alternative to diamonds (a normal good). What happens when average incomes increase? A. The demand for diamonds increases, and the demand for imitation gemstones decreases. B. The demand for diamonds decreases, and the demand for imitation gemstones increases. C. The demand for both diamonds and imitation gemstones increases. D. The demand for both diamonds and imitation gemstones decreases.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.if nothing else is changing. what will happen when the price for using golf courses falls ? A. more people purchase golfing equipment B. the supply of golf courses increases C. the demand rises for other summer activities D. the amount of people golfing falls
- suppose 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.Demand for a product is most likely to increase because: A. the total number of consumers in a market declines. B. the product becomes unfashionable for consumers. C. consumers expect the future price to decline. D. demand for complementary goods rises.Which of the following will not lead to a decrease in the demand for petrol? A. An increase in price of motor cars B. A decrease in consumers' income C. An expected fall in the price of petrol D. An increase in the price of petrol
- If 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.a) an increase in supply. b) a decrease in quantity supplied. c) a decrease in supply. d) an increase in quantity supplied.Assume 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.
