Section 1: TheMarket for Rast Foods for in- 1. In the 19 wanted fast food but di

Question

Section 1: TheMarket for Rast Foods for in- 1. In the 19 wanted fast food but didn't want to go get it. The causing the price of in-restaurant meals to and the quantity of in-restaurant meals to a. demand; increased, increase, increase " b. supply, increased, increase; increase c. demand; decreased; decrease; decrease d. supply, decreased, decrease; decrease e. supply, decreased, increase; decrease 2. When consumers indicated a preference for meals delivered to their homes, the for delivered foodCausing the price of delivered food to and the quahitity of delivéred fobd to i increase in , ..iar" ~ intreased,increase, increase c. demand, decreased, decrease; decrease d. supply; decreased, decrease, decrease e. supply, decreased, increase; decrease 3. A change in tastes away from a good or service causes a(n)in b. decrease, demand 4. A decrease in demandresults in a(h) in Quantity demanded at the original price. develops, causing the equilibrium price to a. increase; shortage; increase b. increase; surplus; decrease drdocrease; surplus decrease 5. An increase in demand results in an) in quantity demanded at the original price. A develops, causing the equilibrium price to d. decrease;, surplus; decrease e. decrease; surplus; increase Copyright O Houghton Mifia CompanycAll rights reserved

Explanation / Answer

5) An increase in demand results in a increases in quantity demanded at the original price. A shortage develops causing the equilibrium price to increase.

4) A decrease in demand results in a decrease in quantity demanded at the original price. A surplus develops, causing the equilibrium price to decrease.

3)A change in taste away from goods and services will decrease the demand and shift the demand curve to the left.

2)ans is A When consumer indicated a preference for meals delivered to their homes, the demand for delivered food will increase, causing the price of food to increase and the quantity of delivered food to increase.

1)In 1980, people wanted fast food but didn't want to go get in.The demand for in restaurant meals decrease, causing the price of in restaurant meals to decrease and quantity also decreases.

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