What happens to the price and quantity of surf boards when the surfing conditions are optimal.  P Increases, Q Increases  P Decreases, Q Decreases  P Increases, Q Decreases  P Decreases, Q Increases

Q: will the demand for online paid tv increase in the future ?

A: Pay-TV or paid TV is a subscription-based television service which means a television service that…

Q: What aspects of the market for digital cameras are influencing it?

A: Digital cameras are in high demand. The digital camera market is very cutthroat because of…

Q: Susan sees a classified ad from Raphael offering a used DVD player for $20. On the opposite page,…

A: Raphael offering used DVD player for$20. National electronics offering a new DVD player for $175.…

Q: what are Factors affecting the demand of gasoline

A: Demand for Gasoline Gasoline is a generally inelastic product, which means that price fluctuations…

Q: What are the consequences if consumer acts in the market according to Myopia and ignore its…

A: Consumer myopia is a term used in economics to describe a tendency for people to place more…

Q: Will the demand for pay TV shows increase in the future

A: The demand for pay TV shows will increase in the future because:

Q: How does the equilibrium price and quantity change when here are bad rumors about a product? Are…

A: Demand refers to the quantity of the commodity which the consumers demand at various prices in the…

Q: Suppose Bull Gator Ben has paid his $14,300 donation and purchased eight season tickets at $32 per…

A: Total Profit = Total Revenue - Total Cost In case of profit total revenue exceeds total cost and in…

Q: Which is more elastic sugar or salt? Reason

A: Answer- Need to find- Which is more elastic sugar or salt? Reason   Necessary goods:- Necessary…

Q: The difference between the price a consumer is willing to pay for a product and the price the…

A: Consumer surplus is the benefit that a buyer gets from purchasing a goods and services measured by…

Q: What are the factors affecting the demand for digital cameras?

A: Demand for digital cameras Due to the presence of companies like Nikon Corporation, Sony, and Canon…

Q: Organic eating is the new trend! What is the impact that supply and demand have on pricing?

A: The market is a place where the buyers and the sellers interacts with each other and the exchange of…

Q: Draw the supply and demand curve for TVs. Doctors discover that watching HD TV prevents cancer. What…

A: Demand curve is downward sloping which tells the relationship between price and quantity demanded of…

Q: Due to fall in cost of making bicycle, the price of bicycle had gone down. What changes will we see…

A: # we know well that there exist a negative relationship between price and the quantity demanded.…

Q: A restaurant owner learns that when he raises the price of his fries from $1 to $1.50 the quantity…

A: In order to answer the given question, first we need to calculate the price elasticity of demand.

Q: e the factors that car supply will increase in future

A: List of Factors that increase the Car Supply in future

Q: On the following graph, use the green point (triangle symbol) to plot the weekly total revenue when…

A: The total receips collected from the sale of goods at the market price is known as the total…

Q: If demand falls as a result of a change in tastes, it is likely that as a result: Selected answer…

A: price is reliant upon the communication between the demand and supply parts of a market. Request and…

Q: Annabelle typically drives her car to school, but she lives near a bus stop and is willing to take…

A: Two goods are considered substitutes in economics if they can both satisfy the same need. In the…

Q: why is a firm willing and able to increase the quality supplied as the product price increases?

A: The law of supply states that other things beings equal there is a positive relationship between…

Q: Does a huge supply of a product lower or higher the price of a product?

A: Supply and demand is an economic model of price determination in a very market. It concludes that in…

Q: A decrease in the cost of the flour used to bake bread is most likely to

A: A decrease in the cost of the flour used to bake bread can affect the quantity demanded and the…

Q: The relationship between a consumer's monthly income and monthly consumption of four products, W-Z,…

A: Inferior goods are those goods whose demand has negative relation with the income of the consumer…

Q: Which of the following is most likely an inferior good?

A: Inferior Goods -  It is a good for which quantity demanded tends to decrease as the individual’s…

Q: how rise in price affect the demand for personal computer

A: Demand: It means desire, willingness, and ability to purchase a good or service.

Q: In the supply and demand framework, what would happen to the market for cars if consumer incomes…

A: Demand curve is the downward sloping curve. Supply curve is the Upward sloping curve. Equilibrium is…

Q: Draw the supply and demand curve for TVs. Doctors discover that watching HD TV prevents cancer. What…

A: Demand is the desire back be ability to buy and willingness to pay. There is inverse relation…