Question 18 Price ofX 40 If the price of good X increases from $20 to $30 the 30 20 30 90 Quainty the supply of good X increases the quantity supplied of good X increases the supply of good X decreases the quantity supplied of good X decreases O O O E
Question 18 Price ofX 40 If the price of good X increases from $20 to $30 the 30 20 30 90 Quainty the supply of good X increases the quantity supplied of good X increases the supply of good X decreases the quantity supplied of good X decreases O O O E
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question 18
Price ofX
40
If the price of good X increases from $20 to $30 the
30
20
30
90
Quaitiny
O the supply of good X Increases
O the quantity supplied of good X increases
O the supply of good X decreases
E the quantity supplied of good X decreases
Moving to another question ill save this response
A Moving to another question will save this response.
Question 19
How does an increase in the price of nachos affect the market for salsa?
it causes the demand curve for salsa to increase
O it causes the demand curve for salsa to decrease
O t cause the supply curve for salsa
Increase
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on wrSave this response.
Quèstion 25
Price of X
40
30
In the graph the
20
D
30
50
90
Quantity
O the demand increases
O the quantity demanded increases
O the supply increases
O the demand decreases
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