1. If the price of tacos increase from $2 to $3 then a. demand will increase b. demand will decrease C. quantity demanded will increase d. quantity demanded will decrease 2. Consumer income increases (assume tacos are a normal good) a. demand will increase b. demand will decrease C. quantity demanded will increase d. quantity demanded will decrease 3.. The price of burritos which is a substitute for tacos decreases, then the tacos' a. demand will increase b. demand will decrease c. quantity demanded will increase quantity demanded will decrease

1. If the price of tacos increase from $2 to $3 then a. demand will increase b. demand will decrease C. quantity demanded will increase d. quantity demanded will decrease 2. Consumer income increases (assume tacos are a normal good) a. demand will increase b. demand will decrease C. quantity demanded will increase d. quantity demanded will decrease 3.. The price of burritos which is a substitute for tacos decreases, then the tacos' a. demand will increase b. demand will decrease c. quantity demanded will increase quantity demanded will decrease

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Q21.
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