Consider the market for Teslas. The price of gasoline decreases and the cost of producing Tesla batteries decrease. How will the market for Teslas respond?   a   prices will fall and the equilibrium quantity may or may not change.   b   prices will fall and the equilibrium quantity will decrease.   c   prices will fall and the equilibrium quantity will increase.   d   There is not enough information to answer the question

Q: If Coke price goes down, what happens to Pepsi's demand? Why?

A: Answer to the question is as follows:

Q: Use supply and demand curves to illustrate and explain how each of the       following events would…

A: A global recession is an extended period of economic downturn on a global scale. Economic shocks and…

Q: Complete the following table by filling in the quantity sold, the price buyers pay, and the price…

A: The tax burden refers to the total amount of tax paid by a particular group of people. In other…

Q: Assume that the price of one kilogram of chicken is 12 Shekel. Assume that Ramadan comes, and the…

A: Elasticity of demand measures the responsiveness of quantity demanded to price changes, with values…

Q: DEMAND Describe the determinants of demand. Why are they important?

A: Demand refers to the total amount of commodity that individuals demand from a marketplace and give…

Q: In the following demand and supply model for bicycles, label the description for each change of…

A: Any change in the demand and supply is explained by the shift or movement on these curves and that…

Q: The price of apples increases by 7.2%, and the quantity supplied increases by 7.2%. What is the…

A: Percentage increase in the price of apple= 7.2Percentage increase in quantity supplied of apple…

Q: it says demand changed my 3 million so wouldn't we know how the equilibrium changed as well?

A: In the language of economics, demand is the amount of an item or service that buyers are willing and…

Q: Coca Cola and Pepsi are substitutes. If the price of Coca Cola decreases, which of the following…

A: Substitute goods refer to the good which are used for each other. Rise in the price of one good…

Q: Quantity (thousands) onsider the diagram above. If there is a sudden reduction in supply, which is…

A: Supply refers to the amount of goods or services that producers are willing and able for sale in a…

Q: The price for widgets rises from 4 to 5. As a result, the demand for widgets drops from 20 to  5.…

A: Elasticity in economics refers to the change in quantity demanded or supplied as a result of…

Q: When the price of a webkinz is $20 500 units are produced. When the price decreases to $12, 400…

A: Given: Price = $20 Quantity produced= 500 units Price decreases to $12, Quantity produced = 400…

Q: what causes an increase in demand?

A: Demand is referred to be as the requirement or desire for a perticular good or service.

Q: What is the concept of perfectly inelastic demand in economics? A. A situation where quantity…

A: Perfectly inelastic demand is a critical idea in financial matters, especially in the investigation…

Q: please all answer and explain don't use chatgpt. Consider the market for printers. Explain whether…

A: When the price of printers on the market goes down, the number that are sold usually goes up. This…

Q: Suppose the market for Tasmania cherries is represented by: Supply: = 200 + 2P2 Demand: = 800 – 4P2…

A: The equilibrium price of a commodity is the price at which the quantity demanded of the commodity…

Q: What would cause a decrease in quantity supplied?

A: The change in qty supplied is caused onle due to change in prices of that goods ie. Law of supply is…

Q: If price elasticity of supply is 1.5 and price increases by 3 percent, quantity supplied will…

A: Price elasticity of supply measures the responsiveness of quantity supplied to change in price. The…

Q: A change in the price of a product will cause: Select one: a. a shift in the supply curve b. a…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What will happen in the market for brewed coffee if the price of coffee beans increase

A: The issue you raised is related to the study of supply and demand in markets, which is a part of the…

Q: You will analyze the Market for Gasoline Step 1: Draw a supply-and-demand diagram. Price is on the…

A: Equilibrium is the static position where demand sand supply is equal that is at the intersection of…

Q: Label the new equilibrium E1. What is the new equilibrium price? What is the new equilibrium…

A: The relationship between the quantity of a good that producers want to sell at different prices and…

Q: You are given the demand schedule for Netflix Subscription in the UAE as below Price (in AED)…

A: Demand curve shows the inverse relationship between price and quantity demanded. In the question, a…

Q: Following an increase in supply and an increase in demand, the market is producing more at a lower…

A: An increase in the supply is reflected by a rightward shift of the supply curve.  An increase in…

Q: f the price of a haircut is $10, the number of haircuts provided is 200. If the price rises to $15…

A: Price elasticity of supply shows the responsiveness of a percentage change in price to a percentage…