9 ,10 and 11 multipule choices QUESTION 9In a perfectly competitive market a single buyerO a. can negotiate the prices if they purchase a large quantity.O b. have only option (seller) from where they can buy the product.OC. cannot influence the price at which he/she would purchase the product.O d. can influence the price at this he/she would purchase the product.QUESTION 10Assume that income of the people buying video games increases and at the same time it is cheaper for the producers for those video games to produce such games. What would we expect to happen inthe market?O a. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.O b. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.O. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.o d. Equilibrium quantity and price would increase.QUESTION 11Assume that the price of cheese has decreased and the price of garlic bread (a substitute good) has decreased at the same time. How this will affect the market for pizzas?O a. Quantity of pizza would fall, and the effect on price would be ambiguous.O b. Price of pizza would rise, and the effect on quantity would be ambiguous.O. Quantity of pizza would rise, and the effect on price would be ambiguous.O d. Price of pizza would fall, and the effect on quantity would be ambiguous.

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In a perfectly competitive market a single buyer a. can negotiate the prices if they purchase a large quantity. Ob. have only option (seller) from where they can buy the product. Oc cannot influence the price at which he/she would purchase the product. O d.can influence the price at this he/she would purchase the product.

In a perfectly competitive market a single buyer a. can negotiate the prices if they purchase a large quantity. Ob. have only option (seller) from where they can buy the product. Oc cannot influence the price at which he/she would purchase the product. O d.can influence the price at this he/she would purchase the product.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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