When the price of a substitute of commodity X falls, the demand for X (a) rises, (b) falls, (c) remains unchanged, or (d) None of the above

The quantity demanded x for a certain brand of MP3 players is 300 units when the unit price p is set at $100. The quantity demanded is 1300 units when the unit price is $60. Find the demand equation.p =

If the price of a substitute to good X increases, then A) the demand for good X will increase. B) the market price of good X will decrease. C) the demand for good X will decrease. D) the demand for good X will not change

Agree or disagree, the price of coffe rices,causing the demand for sugar to decrease. Therefore, the two goods are substitutes.

If two goods are complements, a decline in the price of one will cause an increase in the demand for the other.  True False

A decrease in the current price of a good would increase the demand for the good. increase the quantity demanded for the good. decrease the demand for the good. decrease the quantity demanded for the good.

The quantity demanded of Good Z depends upon the price of Z (Pz), monthly income (Y), and the price of a related Good W (Pw). Demand for Good Z (Qz) is given by equation 1 below: Qz = 150 - 8Pz + 2Y - 15Pw Find the demand equation for Good Z in terms of the price for Z (Pz), when Y is $50 and Pw = $6.

The amount of a good or service that buyers are willing and able to buy at a given price is called: Group of answer choices A)quantity demanded B)terms of trade C)purchasing power D)demand

If a decrease in the price of product X causes the demand for product Z to decrease, then product Z is:     Normal good     Complementary good     Substitute good     Inferior good * Note that the answer is not complementary good.

An increase in the demand for washing machines might be caused by Multiple Choice an expected increase in the price of washing machines. an expected decrease in the price of washing machines. a decrease in the number of buyers. a decrease in the price of washing machines.