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When the price of chicken unexpectedly rises, many consumers choose to
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- French fries and ketchup are complements. if the American Heart Association announces that eating french fries increases the risk of stroke, this will cause: a) demand for french fries to increase- a rightward shift of the demand curve for french fries b) demand for ketchup to increase- a rightward shift of the demand curve for ketchup c) demand for ketchup to decrease- a leftward shift of the demand curve for ketchup Is the answer C? Cuz if fewer people want to eat french fries then ketchup would decrease because that's used to eat french fries?You love peanut butter. Other spreads are just not as good, as far as you're concerned. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought and that this will cause the price of peanuts to double by the end of the year. As a result, your demand for peanut butter Group of answer choices will increase but not until the end of the year. increases today. decreases as you look for a substitute good. shifts left today.During 2009, incomes fell sharply due to the financial crisis of 2008-2009. This change likely led to a decrease in the prices of both normal and inferior goods. If both coffee and tea are normal goods and the price of coffee increases, it will increase the demand for tea. If the price of lemonade decreases due to insufficient demand, and its supply decreases at the same time, the equilibrium price will clearly rise.
- Suppose Pepsi and coke are substitutes. A fall in the price of Pepsi will causeSuppose X and Y are substitutes. If the price of Y increases, the demand for X will most likely _______, and the quantity demanded of X will also _______. 1) increase, increase 2) increase, decrease 3) decrease, increase 4) decrease, decrease 5) None of the above.Inferior goods are affordable substitutes for more expensive goods. Which of the following is an example of someone purchasing an inferior good? Tom saved his money for an entire year so that he could buy the nicest car on the lot. Susan decided to buy her favorite pasta, rather than the store-brand pasta that she usually purchases. Sam had to stay within his budget, so he decided to buy generic toaster pastries instead of his favorite brand-name pastries. Jennifer earned a bonus at work, so she decided to go out to dinner at a fancy restaurant.
- What is one consumer food or service for which in the last 10 to 15 years consumers preference has actually increased, and still, the price has decreased. Based on all the supply and demand determinants, what is a possible reason that could cause the decrease in the price of the suggested good.Suppose that after your income increases, you consume less fast food. This means: Fast food is considered an inferior good. Coke and Pepsi are substitutes. Coke and fried chicken are complements. None of the above.Assuming that fish and chips are complementary products, if the price of fish rises, then the demand for chips will:
- Agree or disagree, the price of coffe rices,causing the demand for sugar to decrease. Therefore, the two goods are substitutes.Explain why you think that the demand of one product may diminish as prices are increasedWhich of the following shifts the supply curve for oranges? A) an increase in the number of orange consumers B) disastrous weather that destroys about half of this year's orange crop C) an increase in income for all orange consumers if oranges are a normal good D) a newly discovered increase in the nutritional value of oranges