4. If a drought destroys tea crops causing an increase 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 92º. 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.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
I need help with 4, 7, and 6
2.1 Demand Assignment - Word
o Search
Adr
Design
Layout
References
Mailings
Review
View
Help
correct.
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 increase 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 (increase decrease) in the (demand/quantity
demand) for waffles.
MICRCECONCMICS
Directions: Write below whether each factor will inerease or decrease demand for the market listed, what
Transcribed Image Text:2.1 Demand Assignment - Word o Search Adr Design Layout References Mailings Review View Help correct. 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 increase 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 (increase decrease) in the (demand/quantity demand) for waffles. MICRCECONCMICS Directions: Write below whether each factor will inerease or decrease demand for the market listed, what
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education