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QUESTION 28 Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n) a. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers. Ob. decrease in the demand for printers and a decrease in the quantity supplied of printers. Oc. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers. Od. decrease in the supply of printers and a decrease in the quantity demanded of printers. QUESTION 29 Which of the following will not shift a supply curve? a, a change in the good's own price b. a change in the price of relevant resources C. a change in per-unit costs brought about by a change in taxes da shange in the number of sellers

QUESTION 28 Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n) a. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers. Ob. decrease in the demand for printers and a decrease in the quantity supplied of printers. Oc. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers. Od. decrease in the supply of printers and a decrease in the quantity demanded of printers. QUESTION 29 Which of the following will not shift a supply curve? a, a change in the good's own price b. a change in the price of relevant resources C. a change in per-unit costs brought about by a change in taxes da shange in the number of sellers

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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20 QUESTION 27 Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the following explam O a. New medical evidence has beenreleased that indicates a negative correlation between a person's beef consumption and life expectancy b.Consumers have experienced an increase in income, and beef-production technology has improved. Oc. The price of chicken has risen, and the price of steak sauce has fallen. d. The demand curve for beef must be positively sloped. QUESTION 28 Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n) Oa. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers. Ob. decrease in the demand for printers and a decrease in the quantity supplied of printers. Oc. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers. Od. decrease in the supply of printers and a decrease in the quantity demanded of printers. QUESTION 29 Which of the following will not shift a supply curve? a, a change in the good's own price C. a change in per-unit costs brought about by a change in taxes d. a change in the number of sellers b. a change in the price of relevant resources
Transcribed Image Text:20 QUESTION 27 Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the following explam O a. New medical evidence has beenreleased that indicates a negative correlation between a person's beef consumption and life expectancy b.Consumers have experienced an increase in income, and beef-production technology has improved. Oc. The price of chicken has risen, and the price of steak sauce has fallen. d. The demand curve for beef must be positively sloped. QUESTION 28 Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n) Oa. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers. Ob. decrease in the demand for printers and a decrease in the quantity supplied of printers. Oc. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers. Od. decrease in the supply of printers and a decrease in the quantity demanded of printers. QUESTION 29 Which of the following will not shift a supply curve? a, a change in the good's own price C. a change in per-unit costs brought about by a change in taxes d. a change in the number of sellers b. a change in the price of relevant resources
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