Samuel owns a laundromat business in Queens, New York. He recently purchased 2 new washing machines and 2 new dryers. This will cause O a. the demand for laundromat services to increase. O b. the supply of laundromat services to decrease. O c the demand for laundromat services to decrease. O d. the supply of laundromat services to increase.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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3 choices questions please

QUESTION 15
Samuel owns a laundromat business in Queens, New York. He recently purchased 2 new washing machines and 2 new dryers. This will cause
O a. the demand for laundromat services to increase.
O b. the supply of laundromat services to decrease.
O c. the demand for laundromat services to decrease.
O d. the supply of laundromat services to increase.
QUESTION 16
A likely example of complementary goods for most people would be
O a. golf club and baseball bat.
O b. tea and coffee.
O c. CPA services and Turbo Tax software.
O d. cartridge and printer.
QUESTION 17
Among the following, which situation would cause a downward movement (and to the left) along a fixed supply curve for avocados?
O a. The price of avocados falls.
O b. The cost of producing avocados increases.
O c. The number of sellers of avocados decreases.
o d. The price of water has increased which is needed to water the avocados plants.
Transcribed Image Text:QUESTION 15 Samuel owns a laundromat business in Queens, New York. He recently purchased 2 new washing machines and 2 new dryers. This will cause O a. the demand for laundromat services to increase. O b. the supply of laundromat services to decrease. O c. the demand for laundromat services to decrease. O d. the supply of laundromat services to increase. QUESTION 16 A likely example of complementary goods for most people would be O a. golf club and baseball bat. O b. tea and coffee. O c. CPA services and Turbo Tax software. O d. cartridge and printer. QUESTION 17 Among the following, which situation would cause a downward movement (and to the left) along a fixed supply curve for avocados? O a. The price of avocados falls. O b. The cost of producing avocados increases. O c. The number of sellers of avocados decreases. o d. The price of water has increased which is needed to water the avocados plants.
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