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- In the market for smartphones, what event decreases the demand for smartphones today? The demand for smartphones decreases when ________. A. the price of a smartphone is expected to fall next month B. the price of a smartphone rises C. smartphones become more popular next month D. the price of a call from a smartphone fallsN7 Which of the following statements best illustrates the concept of derived demand? A. When the price the of gasoline goes up, the demand for motor oil will decline? B. As income goes up, the demand for farm products will increase by a smaller relative amount. C. An increase in the demand for cashmere sweaters and scarfs will cause an increase in the demand for cashmere to increase. D. A decline in the price of margarine will reduce the demand for butter14. Bacon is used to produce bacon cheeseburgers, and the price of bacon decreases. In the market for bacon cheeseburgers you would expect that a. the demand for bacon cheeseburgers would increase and the price of bacon cheeseburgers would increase. b. the demand for bacon cheeseburgers would decrease and the price of bacon cheeseburgers would fall. c. the supply of bacon cheeseburgers would decrease and the price of bacon cheeseburgers would increase. d. the supply of bacon cheeseburgers would increase and the price of bacon cheeseburgers would decrease.
- Which would cause a decrease in the quantity of computers supplied? A. An increase in the demand for computers B. A decrease in the demand for computers C. An increase in the incomes of consumers D. A decrease in the price of parts for making computersPepsi and burger are complements because they are often enjoyed together. When the price of pepsi rises, what happens to the supply, demand, quantity supplied, quantity demanded, and the price in the market for burgers.P A D quantity Refer to Figure 4-1. The movement from point A to point B on the graph shows a(n) a. decrease in demand. b. increase in demand. C. decrease in quantity demanded. d. increase in quantity demanded.
- suppose pizzas and burgers are substitutes. what will definitely happen if there is an increase in the price of pizza? a. demand for burgers will increase. b. supply of burgers will decrease. c. demand for burgers will decrease. d. supply of burgers will increase.Ⓒ Macmillan Learning If the price of gasoline rises, what response do you expect in the market for SUVs? Shift the demand curve to show what happens in the market for SUVs when the price of gasoline rises. Price Market for SUVS Demand for SUVS Quantity of SUVSIf computers are like most goods and the price of computers chips rise, then holding all else constant, the Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the price and quantity of computers will decrease b the price and quantity of computers will increase the price of computers will increases and quantity of computers will decrease d the price of computers will decrease and quantity of computers will increase
- The law of supply says that A. The quantity supplied of a product rises when the prices of the product rises B. The quantity supplied of a product rises when prices of the product fall. C. The quantity demanded of a product rises when the prices of the product rise. D. The quantity demanded of a product falls when the prices of the product falls.What happens to the quantity of smartphones supplied and the supply of smartphones if the price of a smartphone rises? Draw a supply curve of smartphones. Label it. Use any prices and quantities you wish but make your supply curve obey the law of supply. Then draw an arrow to indicate what happens to the quantity of smartphones supplied when the price of a smartphone rises. A rise in the price of a smartphone OA. does not change; does not change OB. increases; increases OC. does not change; increases incroscoe dinge not channe the quantity supplied and supply. 500 450- 400- 350- 300- 250 200 150 100- Price (dollars per smartphone) 50- 0- 0 Quantity (millions of smartphones per yeThe law of demand implies, holding everything else constant, that as the price of pizza Select one: A. decreases, the demand for pizza will increase. B. decreases, the quantity of pizza demanded will decrease. C. decreases, the demand for pizza remains unchanged. D. increases, the demand for pizza will increase. E. increases, the quantity of pizza demanded will decrease.