Economics Questions Which of the following will not increase the demand for burr

Question

Economics Questions

Which of the following will not increase the demand for burritos? A big burritos sale The discovery that eating burritos cures cancer A rise in the price of burgers a substitute A fall in the price of guacamole, a complement All of the above will increase the demand for burritos Buyers and sellers communicate primarily through suiveys through government agencies through advertising through their willingness to buy and sell at various prices All of the above Which of the following will increase the demand for tea? A blight destroys 30% of the tea crop in India Wonderful weather doubles the usual tea crop A rise in the pnce of coffee New technology allows tea to be made more cheaply All of the above Which of the following will not decrease the supply of burritos? the discovery that eating burritos causes cancer a rise in the price of the tortillas used to make burritos a rise in the price of wages paid to burrito-making employees All of the above will decrease the supply of burritos A demand curv e is sloping because. downward; of increasing opportunity costs. upward, people prefer to purchase high quality consumer goods. downward, reservation prices tend to fall over time. downward, fewer people are willing to buy the item at higher prices. Below is a demand schedule and a supply schedule for kumquats At what price is quantity demanded greatest? At what price is quantity supplied greatest? 1,7 3,5 5,3 7,1 A supply curve shows the relationship between price and quantity supplied how many units of the good will be supplied at various prices the cost of supplying the good AlI of the above Sellers tend to offer for sale as price increases, and so the supply curve is sloping goods; not more; downward more, upward less, upward Below is a demand schedule and a supply schedule for kumquats At which of the following prices will the most kumquats actually be sold (i e change hands from seller to buyer)? 1 3 5 7

Explanation / Answer

1) All of the above will increase the demand.

2) Through there willingness to buy and sell at various prices

3) A rise i price of coffee

4) All of the above will decrease the supply

5) downward, because at higher price few people are ready to buy

6) 1,7

7) All of the above

8) more, upward

9) 3

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