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Directions: For each scenario, determine if there will be an increase or decrease in either the demand or quantity demanded. Delete the incorrect option, so that the remaining answer makes the sentence 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).

Directions: For each scenario, determine if there will be an increase or decrease in either the demand or quantity demanded. Delete the incorrect option, so that the remaining answer makes the sentence 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).

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Directions: For each scenario, determine if there will be an increase or decrease in either the demand or quantity demanded. Delete the incorrect option, so that the remaining answer makes the sentence сопеct 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 Ifa 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
Transcribed Image Text:Directions: For each scenario, determine if there will be an increase or decrease in either the demand or quantity demanded. Delete the incorrect option, so that the remaining answer makes the sentence сопеct 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 Ifa 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
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