SECTION#_\ MAM NAM NAME__O\iva Noemi PRINT LAST NAME, FIRST NAME IMA Which of the following would be expected to decrease the demand for textbooks? An increase in the price of textbooks A decrease in college enrollment An increase in financial assistance to college students A decrease in the tuition per college class 5. 1. a. b. C. d. and the equilibrium quantity of tortillas to decrease; increase Ceteris paribus, an increase in the supply of tortillas causes the equilibrium price of tortillas to increase; increase increase; decrease C. 2. decrease; decrease a. d. b. Assuming tomato juice is a normal good, an increase in consumer income will cause an in the price of tomato juice. tomato juice and a(n) increase in the demand for; increase supply of; increase demand for; decrease supply of; decrease C. a. d. b. Ceteris paribus, an increase in the demand for tortillas causes the equilibrium price of tortillas to increase; increase increase; decrease 8. and the equilibrium quantity of tortillas to decrease; increase decrease; decrease a. C. b. d. 9. Assume teenagers in a town can either babysit or rake leaves to earn money on the weekends. Ceteris paribus, if the price paid for an hour of babysitting increases relative to the price paid for an hour of leaf raking, then: the supply of teens available to rake leaves is likely to decrease. the supply of teens available to baby sit is likely to decrease. a. b. ünauo the demand for baby sitting is likely to increase. the demand for leaf raking is likely to decrease. d. C. 10. Technological improvements that reduce the cost of manufacturing smaller personal computers combined with an increase in the demand for smaller personal computers results in an increase in equilibrium: quantity, but no change in equilibrium price. b. price, but no change in equilibrium quantity. C. orde tandly, but the change in equilibrium price depends on the size of the shifts. price, but the change in equilibrium quantity depends on the size of the shifts. 200 mua pe beice dreamstime a. 7. 6.
SECTION#_\ MAM NAM NAME__O\iva Noemi PRINT LAST NAME, FIRST NAME IMA Which of the following would be expected to decrease the demand for textbooks? An increase in the price of textbooks A decrease in college enrollment An increase in financial assistance to college students A decrease in the tuition per college class 5. 1. a. b. C. d. and the equilibrium quantity of tortillas to decrease; increase Ceteris paribus, an increase in the supply of tortillas causes the equilibrium price of tortillas to increase; increase increase; decrease C. 2. decrease; decrease a. d. b. Assuming tomato juice is a normal good, an increase in consumer income will cause an in the price of tomato juice. tomato juice and a(n) increase in the demand for; increase supply of; increase demand for; decrease supply of; decrease C. a. d. b. Ceteris paribus, an increase in the demand for tortillas causes the equilibrium price of tortillas to increase; increase increase; decrease 8. and the equilibrium quantity of tortillas to decrease; increase decrease; decrease a. C. b. d. 9. Assume teenagers in a town can either babysit or rake leaves to earn money on the weekends. Ceteris paribus, if the price paid for an hour of babysitting increases relative to the price paid for an hour of leaf raking, then: the supply of teens available to rake leaves is likely to decrease. the supply of teens available to baby sit is likely to decrease. a. b. ünauo the demand for baby sitting is likely to increase. the demand for leaf raking is likely to decrease. d. C. 10. Technological improvements that reduce the cost of manufacturing smaller personal computers combined with an increase in the demand for smaller personal computers results in an increase in equilibrium: quantity, but no change in equilibrium price. b. price, but no change in equilibrium quantity. C. orde tandly, but the change in equilibrium price depends on the size of the shifts. price, but the change in equilibrium quantity depends on the size of the shifts. 200 mua pe beice dreamstime a. 7. 6.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Question 7
Transcribed Image Text:SECTION#_\
MAM
NAM
NAME__O\iva Noemi
PRINT LAST NAME, FIRST NAME
IMA
Which of the following would be expected to decrease the demand for textbooks?
An increase in the price of textbooks
A decrease in college enrollment
An increase in financial assistance to college students
A decrease in the tuition per college class
5.
1.
a.
b.
C.
d.
and the equilibrium quantity of tortillas to
decrease; increase
Ceteris paribus, an increase in the supply of tortillas causes the equilibrium price of
tortillas to
increase; increase
increase; decrease
C.
2.
decrease; decrease
a.
d.
b.
Assuming tomato juice is a normal good, an increase in consumer income will cause an
in the price of tomato juice.
tomato juice and a(n)
increase in the
demand for; increase
supply of; increase
demand for; decrease
supply of; decrease
C.
a.
d.
b.
Ceteris paribus, an increase in the demand for tortillas causes the equilibrium price of
tortillas to
increase; increase
increase; decrease
8.
and the equilibrium quantity of tortillas to
decrease; increase
decrease; decrease
a.
C.
b.
d.
9.
Assume teenagers in a town can either babysit or rake leaves to earn money on the
weekends. Ceteris paribus, if the price paid for an hour of babysitting increases relative
to the price paid for an hour of leaf raking, then:
the supply of teens available to rake leaves is likely to decrease.
the supply of teens available to baby sit is likely to decrease.
a.
b.
ünauo
the demand for baby sitting is likely to increase.
the demand for leaf raking is likely to decrease.
d.
C.
10. Technological improvements that reduce the cost of manufacturing smaller personal
computers combined with an increase in the demand for smaller personal computers
results in an increase in equilibrium:
quantity, but no change in equilibrium price.
b.
price, but no change in equilibrium quantity.
C.
orde
tandly, but the change in equilibrium price depends on the size of the shifts.
price, but the change in equilibrium quantity depends on the size of the shifts.
200 mua pe beice
dreamstime
a.
7.
6.
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