1. Suppose spaghetti is an inferior good, then an increase in income will cause...
Question 1 options:
a rightward shift of the demand curve
a leftward shift of the demand curve
a movement upward along the demand curve
a movement downward along the demand curve
2. If the price of computers falls, and computers and printers are compliments then the equilibrium price of printer will ____________ and the quantity of printers will __________.
Question 2 options:
increase, increase
increase, decrease
decrease, decrease
decrease, increase
3. If the government announces that apples have been sprayed with a cancer-causing pesticide, then...
Question 3 options:
the demand for apples will increase
the supply of apples will increase
the demand for apples will decrease
the supply of apples will decrease
4. Suppose that in October that the equilibrium price of a latte was $1.50 and 400 lattes were consumed. In November the price was $2.00 and 200 were consumed. What might have caused this change, assuming creamer is a compliment and coffee beans are used to make lattes?
Question 4 options:
The price of creamer rose.
The price of creamer fell.
The price of coffee beans rose.
The price of coffee beans fell.
1. Suppose spaghetti is an inferior good, then an increase in income will cause...
Question 1 options:
| a rightward shift of the demand curve | |||||||||||||||||||||||
| a leftward shift of the demand curve | |||||||||||||||||||||||
| a movement upward along the demand curve | |||||||||||||||||||||||
| a movement downward along the demand curve 2. If the price of computers falls, and computers and printers are compliments then the equilibrium price of printer will ____________ and the quantity of printers will __________. Question 2 options:
|
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