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).
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).
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
I need help with 4 to 6
Transcribed Image Text:Directions: For each scenario, determine if there will be an increase or decrease in either the demand
or quantity demanded. Delete the incorrect option, so that the remaining answer makes the sentence
согect
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 Ifa 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
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