Aling Juaning was surprise to find out that the price of milk have increase by P1.50 from the usual P45.00 per can. Whether Aling Juaning will buy more or less, this situation is you describe as price factor O abuse of seller's power non -price factor O inflation

Aling Juaning was surprise to find out that the price of milk have increase by P1.50 from the usual P45.00 per can. Whether Aling Juaning will buy more or less, this situation is you describe as price factor O abuse of seller's power non -price factor O inflation

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Aling Juaning was surprise to find out that
the price of milk have increase by P1.50
from the usual P45.00 per can. Whether
Aling Juaning will buy more or less, this
situation is you describe as
O price factor
abuse of seller's power
non -price factor
O inflation

Aling Juaning was surprise to find out
that the price of milk have increase by
P1.50 from the usual P45.00 per car
Whether Aling Maria will buy more or
less, this situation is
movement along the curve with arrow
pointing downward
will just have to shift
movement along the curve with arrow
pointing upward
movement along the curve with arrow
pointing upward and downward

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