How does an increase in the price of raw materials used in iPhone production affect its supply? Group of answer choices Decreases supply Has no effect on supply May increase or decrease supply depending on other factors Increases supply

After analyzing the demand for his products, Ahmed realized that the demand for his products is inelastic. This means that, O a. the demand for his products are sensitive to price changes O b. it is not advisable to increase his price O c. the demand for his products are weak O d. it is fine to increase his price

See Pigure entitled "Conumer move from A to B or C. Aume that this figure shows Gustavo's demand for a product called Daton. If Gustavo ia originally at point A, which ot the following can cause him to move to point C. For each of the options gives ume that all other determinants of demand (other than the change specified) remain unchanged. Connet move bom A to B or C 40 20 10 60 Quaitity ) Decrease in price of Daton's substirute Caton. 2) Deerease in price of Daton 3) Increase in price of Daton 4)Inerease in Gustavo's income

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The figure shows the supply curve of wallets. What is the change in the quantity of wallets supplied when the price of a wallet rises from $40 to $80, while all other influences on selling plans are unchanged? The quantity of wallets supplied O A. decreases by an unknown amount O B. increases by an unknown amount O C. increases from 8 million to 16 million O D. decreases from 16 million to 8 million C 100- 80- 60- 20- UT Price (dollars per wallet) Quantity (millions of wallets per year)

The graph below shows the demand for electricity in England during typical days in winter and summer. The pie chart shows how electricity is used in an average English home. Summarise the information by selecting and reporting the main features and make comparisons where relevant. Figure 1 Typical Daily Demand of Electricity 50000 40000 30000 Winter Summer 20000 10000 o hrs 3 6. 12 15 18 21 24 Different hours of a day Figure 2 What the electricity is used for I Heating room, Heating 15% water 15% 1Ovens, Kett les, Washing 52% Machines 18% ILighting, TV, Radio Vacuum cle ane rs, Food m ixers, Electric too ls Units of Eectricity

Along demand curve Do,what is the quantity demanded when the price is $8? 10 8 4 Do D2 10 30 40 50 Quantity (gaming apps) 04 O 10 Price ($) 20

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What are the influences on buying plans that change demand, and do these influences increase or www Draw a demand curve that shows what happens in the market for coffee makers if the price of a takeout coffee, a substitute for a coffee maker, rises but all other influences on buying plans remain the same. Label the curve D₁. When an event occurs that changes the demand for coffee makers, does the demand curve shift or is there a movement along the demand curve? When an event occurs that changes the demand for coffee makers, if demand decreases. if demand increases and OA. a movement up along the demand curve occurs; a movement down along the demand curve occurs OB. the demand curve shifts rightward; the demand curve shifts leftward C. a movement down along the demand curve occurs; a movement up along the demand curve occurs D. the demand curve shifts leftward; the demand curve shifts rightward 24- 20- 16- 12- 8- 4- 0- Price (dollars per coffee maker) Do 2 5 Quantity (millions of coffee…

fer to the accompanying figure Assume the market is originally at point W. Movement to point X is the result of Price W N Quantity Multiple Choice 4 O an increase in demand and a decrease in supply. an increase in demand and no change in supply. no change in demand and an increase in supply. a decrease in demand and an increase in supply