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.
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.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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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
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