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ECON102 Study Guide - Quiz Guide: Peanut Butter, Cupcake, Spinach

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coralhyena595
3 Mar 2015
School
University of Waterloo
Department
Economics
Course
ECON102
Professor
Wokia Kumase

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ECON102 Full Course Notes
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ECON102 Full Course Notes
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Document Summary

A: c: as the price of cupcake rises from $ 3. 00 a piece to $ 3. 75 a piece, the _____ . Demand for cupcake decreases supply of cupcake decreases. A: a: in 2008, 200,000 gas grills were demanded at a price of . In 2009, more than 200,000 gas grills were demanded at the same price. This increase could be the result any of the following except. A rise in the price of natural gas, a complement of a gas grill. An increase in income if gas grills are a normal good. A fall in the price of natural gas, a complement of a gas grill. A: a: as the price of ink cartridges decrease, demand for printers will ______ increase because they are complements. Decrease because they are substitutes increase because they are substitutes increase because they are complements. A situation in which the quantity demanded exceeds the quantity supplied. An increase in the price of gasoline.

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Related Questions

The "law of demand" states that changes in

A) demand are related directly to changes in supply.

B) the quantity demanded of a good are not related to changes in the quantity supplied.

C) the quantity demanded of a good are inversely related to changes in its price.

D) demand are inversely related to changes in supply.

The "law of demand" states that changes in

A) demand is related directly to changes in supply.

B) the quantity demanded of a good is not related to changes in the quantity supplied.

C) the quantity demanded of a good is inversely related to changes in its price.

D) demand is inversely related to changes in supply. 

4) In 2008, 200,000 gas grills were demanded at a price of $500. In 2009, more than 200,000 gas grills were demanded at the same price. This increase could be the result any of the following except A) a rise in the price of natural gas, a complement of a gas grill. B) a rise in the price of an electric stove, a substitute for a gas grill. C) a fall in the price of natural gas, a complement of a gas grill. D) an increase in income if gas grills are a normal good. E) an increase in population. 200,00 500