1. Without an increase in price, an increase in demand will lead to... Question
ID: 1214862 • Letter: 1
Question
1. Without an increase in price, an increase in demand will lead to...
Question 1 options:
a shortage
a surplus
socialism
equilibrium
2. Judy demand more potatoes as her income decreases. From this we can conclude that for Judy...
Question 2 options:
potatoes are a normal good
potatoes are a complimentary good
potatoes are an inferior good
potatoes are a substitute good
3.Two goods are substitute if...
Question 3 options:
the supply of one good decreases when the price of the other increases.
the supply of one good decreases when the price of the other decreases.
the demand of one good decreases when the price of the other increases.
the demand of one good decreases when the price of the other decreases.
4.
An increase in the demand for guitars is represented by the movement from...
Question 4 options:
point B to point C
point B to point A
D1 to D0
D1 to D2
5.
A decrease in quantity demanded is represented by...
Question 5 options:
point B to point C
point B to point A
D1 to D0
D1 to D2
a shortage
a surplus
socialism
equilibrium
2. Judy demand more potatoes as her income decreases. From this we can conclude that for Judy...
Question 2 options:
potatoes are a normal good
potatoes are a complimentary good
potatoes are an inferior good
potatoes are a substitute good
3.Two goods are substitute if...
Question 3 options:
the supply of one good decreases when the price of the other increases.
the supply of one good decreases when the price of the other decreases.
the demand of one good decreases when the price of the other increases.
the demand of one good decreases when the price of the other decreases.
4.
An increase in the demand for guitars is represented by the movement from...
Question 4 options:
point B to point C
point B to point A
D1 to D0
D1 to D2
5.
A decrease in quantity demanded is represented by...
Question 5 options:
point B to point C
point B to point A
D1 to D0
D1 to D2
Explanation / Answer
1. Without an increase in price, an increase in demand will lead to a surplus
2. Judy demand more potatoes as her income decreases, from this we can conclude that for Judy potatoes are an inferior good
3.Two goods are substitute if the demand of one good decreases when the price of the other decreases.
4. graph is not found
5. graph is not found
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.