1. If there is a population boom in California, the (demand/quantity demand) for surfboards will (incre: decrease). 2. If market experts announce that price of gold is expected to rise 25% in May, the (demand/quantity demand) for gold will (increase / decrease) in April. 3. If Kroger announces a price decrease on hot dogs, the (demand/quantity demand) for hamburgers will (increase / decrease). 4. If a drought destroys tea crops causing an inerease in the price of tea, the (demand/quantity demand). for sugar will (increase / deerease). 5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity demand) for Ghirardelli 92% Intense Dark bars at Chocoly Candy Shop will (increase/deerease). 6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time low, the (demand/quantity demand) for cars will (increase / decrease). 7. If the price of Chinese food decreases, there will be an (increase/decrease) in the (demand/quantity demand) for Lu's Lucky Chinese Food. 8. If the price of waffles inereases, there will be an (increase/decrease) in the (demand/quantity demand) for waffles.
1. If there is a population boom in California, the (demand/quantity demand) for surfboards will (incre: decrease). 2. If market experts announce that price of gold is expected to rise 25% in May, the (demand/quantity demand) for gold will (increase / decrease) in April. 3. If Kroger announces a price decrease on hot dogs, the (demand/quantity demand) for hamburgers will (increase / decrease). 4. If a drought destroys tea crops causing an inerease in the price of tea, the (demand/quantity demand). for sugar will (increase / deerease). 5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity demand) for Ghirardelli 92% Intense Dark bars at Chocoly Candy Shop will (increase/deerease). 6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time low, the (demand/quantity demand) for cars will (increase / decrease). 7. If the price of Chinese food decreases, there will be an (increase/decrease) in the (demand/quantity demand) for Lu's Lucky Chinese Food. 8. If the price of waffles inereases, there will be an (increase/decrease) in the (demand/quantity demand) for waffles.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![Bb 5535547
H My Blackboard Conte x
Bb Module 01: Fundamer x
pardcdn.com/blackboard.learn.xythos.prod/5a25b62cdb9cf/5497575?X-Blackboard-Expiration=1631804400000&X-B
1 / 4
100%
1. If there is a population boom in California, the (demand/quantity demand) for surfboards will (increase
decrease).
2. If market experts announce that price of gold is expected to rise 25% in May, the (demand/quantity
demand) for gold will (increase / decrease) in April.
3. If Kroger announces a price decrease on hot dogs, the (demand/quantity demand) for hamburgers
will (increase / decrease).
4. If a drought destroys tea crops causing an inerease in the price of tea, the (demand/quantity demand)
for sugar will (increase / decrease).
5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity
demand) for Ghirardelli 92% Intense Dark bars at Chocoly Candy Shop will (increase / decrease).
6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time
low, the (demand/quantity demand) for cars will (increase / decrease).
7. If the price of Chinese food decreases, there will be an (increase/decrease) in the (demand/quantity
demand) for Lu's Lucky Chinese Food.
8. If the price of waffles increases, there will be an (inerease/decrease) in the (demand/quantity
demand) for waffles.
73°F](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3773d339-70fe-4633-a340-ad19a2202f23%2F7dc1ccf6-a07a-4b18-b0e7-838186115208%2Fwhgalob_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Bb 5535547
H My Blackboard Conte x
Bb Module 01: Fundamer x
pardcdn.com/blackboard.learn.xythos.prod/5a25b62cdb9cf/5497575?X-Blackboard-Expiration=1631804400000&X-B
1 / 4
100%
1. If there is a population boom in California, the (demand/quantity demand) for surfboards will (increase
decrease).
2. If market experts announce that price of gold is expected to rise 25% in May, the (demand/quantity
demand) for gold will (increase / decrease) in April.
3. If Kroger announces a price decrease on hot dogs, the (demand/quantity demand) for hamburgers
will (increase / decrease).
4. If a drought destroys tea crops causing an inerease in the price of tea, the (demand/quantity demand)
for sugar will (increase / decrease).
5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity
demand) for Ghirardelli 92% Intense Dark bars at Chocoly Candy Shop will (increase / decrease).
6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time
low, the (demand/quantity demand) for cars will (increase / decrease).
7. If the price of Chinese food decreases, there will be an (increase/decrease) in the (demand/quantity
demand) for Lu's Lucky Chinese Food.
8. If the price of waffles increases, there will be an (inerease/decrease) in the (demand/quantity
demand) for waffles.
73°F
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