A. Choose and circle the correct effect of the following. 1. The price of fish increased a. The demand for fish will decrease b. Demand for meat will increase c. The amount of fish demand will increase d. The amount of demand for fish will decrease 2. The DVD player is always in fashion a. Demand for CD players will increase b. Demand for CD players will decrease c. Demand for DVD players will decrease d. The quantity demand for the DVD player will increase 3. The price of sugar is expected to increase a. The current demand for sugar will increase b. The current demand for sugar will decrease c. The current demand for sugar will increase d. The current demand for sugar will decrease
A. Choose and circle the correct effect of the following. 1. The price of fish increased a. The demand for fish will decrease b. Demand for meat will increase c. The amount of fish demand will increase d. The amount of demand for fish will decrease 2. The DVD player is always in fashion a. Demand for CD players will increase b. Demand for CD players will decrease c. Demand for DVD players will decrease d. The quantity demand for the DVD player will increase 3. The price of sugar is expected to increase a. The current demand for sugar will increase b. The current demand for sugar will decrease c. The current demand for sugar will increase d. The current demand for sugar will decrease
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elastic And Its Application
Section: Chapter Questions
Problem 5PA
Related questions
Question
Choose the letter of the correct answer
![A.
Choose and circle the correct effect of the following.
1. The price of fish increased
a. The demand for fish will decrease
b. Demand for meat will increase
c. The amount of fish demand will increase
d. The amount of demand for fish will decrease
2. The DVD player is always in fashion
a. Demand for CD players will increase
b. Demand for CD players will decrease
c. Demand for DVD players will decrease
d. The quantity demand for the DVD player will increase
3. The price of sugar is expected to increase
a. The current demand for sugar will increase
b. The current demand for sugar will decrease
c. The current demand for sugar will increase
d. The current demand for sugar will decrease
4. the income of consumers will increase
a. Demand for meat will increase
b. The demand for meat will decrease
c. Demand for cheaper products will decrease
d. Demand for cheaper products will increase
5. computer prices will increase
a. Computer demand will increase
b. Diskette demand will decrease
c. Diskette demand will increase
d. Demand for computers will decrease](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff9c78883-4a72-4499-a442-31d204b40d50%2Ffa09b70b-7ec2-4e2a-bba0-0309d5c30833%2Flki7kkq_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A.
Choose and circle the correct effect of the following.
1. The price of fish increased
a. The demand for fish will decrease
b. Demand for meat will increase
c. The amount of fish demand will increase
d. The amount of demand for fish will decrease
2. The DVD player is always in fashion
a. Demand for CD players will increase
b. Demand for CD players will decrease
c. Demand for DVD players will decrease
d. The quantity demand for the DVD player will increase
3. The price of sugar is expected to increase
a. The current demand for sugar will increase
b. The current demand for sugar will decrease
c. The current demand for sugar will increase
d. The current demand for sugar will decrease
4. the income of consumers will increase
a. Demand for meat will increase
b. The demand for meat will decrease
c. Demand for cheaper products will decrease
d. Demand for cheaper products will increase
5. computer prices will increase
a. Computer demand will increase
b. Diskette demand will decrease
c. Diskette demand will increase
d. Demand for computers will decrease
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 5 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![MACROECONOMICS](https://www.bartleby.com/isbn_cover_images/9781337794985/9781337794985_smallCoverImage.gif)
![Microeconomics: Principles & Policy](https://www.bartleby.com/isbn_cover_images/9781337794992/9781337794992_smallCoverImage.jpg)
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
![Essentials of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781337091992/9781337091992_smallCoverImage.gif)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![MACROECONOMICS](https://www.bartleby.com/isbn_cover_images/9781337794985/9781337794985_smallCoverImage.gif)
![Microeconomics: Principles & Policy](https://www.bartleby.com/isbn_cover_images/9781337794992/9781337794992_smallCoverImage.jpg)
Microeconomics: Principles & Policy
Economics
ISBN:
9781337794992
Author:
William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:
Cengage Learning
![Economics Today and Tomorrow, Student Edition](https://www.bartleby.com/isbn_cover_images/9780078747663/9780078747663_smallCoverImage.gif)
Economics Today and Tomorrow, Student Edition
Economics
ISBN:
9780078747663
Author:
McGraw-Hill
Publisher:
Glencoe/McGraw-Hill School Pub Co
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc