EBK MACROECONOMICS FOR TODAY
9th Edition
ISBN: 8220101425966
Author: Tucker
Publisher: CENGAGE L
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Chapter 3, Problem 2SQ
To determine
Identify the correct answer as per the
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An increase in demand means that:
a. when the price falls, consumers are willing to purchase greater quantities of the good.
b. consumers cause the price drop by buying greater quantities of the good.
C. consumers are willing to purchase greater quantities of the good at any given price.
d. when the price rises, consumers are willing to purchase greater quantities of the good.
When there is an increase in demand,A. the demand curve shifts to the right of the original demand curve.B. the demand curve rotates clockwise.C. the demand curve shifts to the left of the original demand curve.D. the demand curve rotates counterclockwise.E. a lower price has increased the amount of the good that consumers will buy.
A change in which of the following will shift the demand curve for hamburgers?
Select one:
a. A fall in the price of french fries, a complement for hamburgers.
b. An increase in the price of a hamburger.
c. An increase in the number of hamburger restaurants.
d. An.increase in the price of the meat used to produce hamburgers.
Chapter 3 Solutions
EBK MACROECONOMICS FOR TODAY
Ch. 3.6 - Prob. 1YTECh. 3.7 - Prob. 1GECh. 3.7 - Prob. 2GECh. 3.7 - Prob. 3GECh. 3.A - Prob. 1SQPCh. 3.A - Prob. 2SQPCh. 3.A - Prob. 3SQPCh. 3.A - Prob. 4SQPCh. 3.A - Prob. 1SQCh. 3.A - Prob. 2SQ
Ch. 3.A - Prob. 3SQCh. 3.A - Prob. 4SQCh. 3.A - Prob. 5SQCh. 3.A - Prob. 6SQCh. 3.A - Prob. 7SQCh. 3.A - Prob. 8SQCh. 3.A - Prob. 9SQCh. 3.A - Prob. 10SQCh. 3 - Prob. 1SQPCh. 3 - Prob. 2SQPCh. 3 - Prob. 3SQPCh. 3 - Prob. 4SQPCh. 3 - Prob. 5SQPCh. 3 - Prob. 6SQPCh. 3 - Prob. 7SQPCh. 3 - Prob. 8SQPCh. 3 - Prob. 9SQPCh. 3 - Prob. 10SQPCh. 3 - Prob. 11SQPCh. 3 - Prob. 12SQPCh. 3 - Prob. 1SQCh. 3 - Prob. 2SQCh. 3 - Prob. 3SQCh. 3 - Prob. 4SQCh. 3 - Prob. 5SQCh. 3 - Prob. 6SQCh. 3 - Prob. 7SQCh. 3 - Prob. 8SQCh. 3 - Prob. 9SQCh. 3 - Prob. 10SQCh. 3 - Prob. 11SQCh. 3 - Prob. 12SQCh. 3 - Prob. 13SQCh. 3 - Prob. 14SQCh. 3 - Prob. 15SQCh. 3 - Prob. 16SQCh. 3 - Prob. 17SQCh. 3 - Prob. 18SQCh. 3 - Prob. 19SQCh. 3 - Prob. 20SQ
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- suppose pizzas and burgers are substitutes. what will definitely happen if there is an increase in the price of pizza? a. demand for burgers will increase. b. supply of burgers will decrease. c. demand for burgers will decrease. d. supply of burgers will increase.arrow_forwardAs the price of bananas increases, ceteris paribus, the law of demand implies A. the quantity of bananas demanded will decrease. B. the demand for bananas will decrease. C. the quantity of bananas demanded will increase. D. the demand for bananas will increase.arrow_forwardExplain all the reasons why decrease in the products price will lead to an increase in purchasesarrow_forward
- The law of demand implies that, other things being equal: Select one: a. as the demand for electronic games increases, the price of electronic games will fall. b. as the price of electronic games increases, the quantity of electronic games demanded will decrease. c. as the price of electronic games increases, the quantity of electronic games demanded will increase. d. as household incomes rise, the quantity of electronic games demanded will decrease.arrow_forwardThe law of demand says that when price Select one: a. rises, quantity demanded rises also b. falls, quantity supplied falls also c. falls, quantity supplied rises d. rises, quantity demanded falls.arrow_forward10. Which of the following is NOT a determinant of the demand for gasoline? A. Consumers' incomes B. The price of diesel C. The price of automobiles D. The supply of gasoline E. All of the above are determinants of the demand for gasoline.arrow_forward
- Which of the following most appropriately illustrates the law of demand? Select one: a.households purchase fewer houses when their income falls. b.consumers prefer more goods to fewer goods. c.a household buys more cds after the price of cds falls. d.Sellers increase the amount they sell because the price of the product increases.arrow_forwardThe law of demand is an inverse relationship between the price and quantity demanded. Explain how the law of demand related to a recent two purchases that you had to make.arrow_forwardWhich of the following factors will NOT cause a shift in the demand for a good? a. None of the above. b. A change in the market price of the good c. Achange in tastes and preferences d. Achange in consumer incomes Clear my choice Next pagearrow_forward
- A movement along a demand curve caused by changes in the price of a good is known as: A. Change in Demand B. Shift in Demand C. Law of Demandarrow_forwardAssume that imitation gemstones (an inferior good) are a low-cost alternative to diamonds (a normal good). What happens when average incomes increase? A. The demand for diamonds increases, and the demand for imitation gemstones decreases. B. The demand for diamonds decreases, and the demand for imitation gemstones increases. C. The demand for both diamonds and imitation gemstones increases. D. The demand for both diamonds and imitation gemstones decreases.arrow_forwardHow does the number of sellers in the market increase?arrow_forward
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