If the demand for a good decreases, the demand for the factors used to produce the good:    None of the above answers is correct.    decreases.    could increase, decrease, or stay the same depending on whether the demand for the good is elastic, inelastic, or unit elastic.    increases.    stays the same.

Q: price

A: The Demand (DD) depicts the demand generated by consumers at a given price during a duration. The…

Q: Before 2020, the demand for movie tickets was unit elastic. That means that if movie theaters…

A: Elasticity of demand refers to the degree of responsiveness of quantity demanded to changes in the…

Q: If income increases by 12 percent and the quantity demanded of a good then decreases by 6 percent,…

A: Inferior good refers to the good whose demand is negatively related to income level. In other words,…

Q: why is the answer A and not B?

A: Answer is A,because in inelastic demand,quantity demanded change decreases by less than price…

Q: What would cause a shift in demand for tiny houses? Please select two correct answers. Select all…

A: A shift in demand refers to a change in the overall desire of consumers to purchase a good or…

Q: Which of the following will NOT cause a shift in the demand curve? a) a decrease in the price b)…

A: The demand curve D is the downward sloping graphical representing the association between price and…

Q: A 2 percent fall in the price of chocolate sauce increases the quantity of chocolate sauce demanded…

A: Price elasticity of demand (PED) is defined as the change in the demand for a good or service due to…

Q: Gasoline and tires are complementary goods.  When the price of gasoline increases the ________for…

A: In economics, complementary goods are two goods that are used together. When the price of one good…

Q: Elastic goods are based on what consumers want, rather than something that they need to survive.…

A: The objective of the question is to identify which of the given options is an elastic good. In…

Q: The demand for a normal good rise when the income of the consumer rise. True/False

A: # Normal goods are those goods whose demand shows positive income effect and negative price effect.

Q: None

A: Elasticity is a measure of how the quantity demanded or supplied of a good changes in response to a…

Q: For a particular good, 10% increase in price causes a 5% decrease in quantity demanded. Which of the…

A: Elasticity of demand measures theresponsiveness of quantity demanded with respect change in price.…

Q: Which of the following shifts a demand curve to the right? The price of the good in question goes…

A: Demand is defined as the seizure backed by the ability and willingness of an individual to buy…

Q: An advertising campaign that makes most people want to drink more milk results in the following A)…

A: Demand:- demand is a simple concept, demand implies the Quantity demanded of a commodity by all…

Q: supply decreases, at the new equilibrium:  a) consumers will purchase less at a lower price.  b)…

A: According to economics, equilibrium is a case in which economic forces such as supply and demand are…

Q: The demand equation for school lunches is p=10- x/10, where c is the number of lunches purchases and…

A: Demand elasticity is a significant variant on the concept of demand. Elastic, inelastic, and unitary…

Q: f an increase in income leads to an increase in the demand for sushi, then sushi is a normal good. a…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that…

A: Elasticity is the ability of a variable to adapt to changes in another variable. Elasticity is a…

Q: Demand for good X is perfectly elastic. Currently, the price of good X is $5 and quantity demanded…

A: Elasticity is the term economists use to define highly responsive supply and demand are to changes…

Q: The demand curve for a good is horizontal when it is:* a perfectly inelastic good. a unitary…

A: "In economics, demand curve represents the inverse relation between price of a product and quantity…

Q: You may have noticed that the market demand curve is always flatter than any individual demand…

A: Price elasticity of demand refers to the percentage change in the quantity demanded of the goods or…

Q: which of the following does not directly influence the demand for a good? the size of the…

A: Populace and growth in consumption will prompt the demand for services and goods expanding for the…

Q: Which of the following is most likely to have a low price elasticity of demand? A good that is very…

A: Answer: The demand for goods that are expansive, luxurious, and goods having many substitutes will…