1. These are factors affecting the supply to increase and decrease, except one. A. Technology C. Producers Tastes B. Producer Preferences D. Consumer preferences
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1. These are factors affecting the supply to increase and decrease, except one.
A. Technology C. Producers Tastes
B. Producer Preferences D. Consumer preferences
2. These are factors affecting the
A. Raw materials C. Consumer Tastes
B. Producer Preferences D. Price of related goods
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- Choose the Letter of the Correct Answer 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 2. It refers to the skills and talents to produce a product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 3. It refers to the target market of a certain product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 4. A basic economic question that relates about quality and quantity of the product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 5. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic systemQuestion. If the price of hot dog is $2 and the price of a hamburger is $4, then the A. Relative price of a hot dog is 1/2 of a hamburger per hot dog. B. Money price of hot dog is 2 hamburger per hot dog. C. Relative price of a hamburger is 1/2 of a hot dog per hamburger. D. Money price of a hamburger is 2 hot dongs per hamburger.Choose the letter of the correct/best answer. ____1. It summarizes the transactions between the consumer and producer. A. Circular Flow C. Interactions B. Illustrations D. Figures ____2. It shows that when price increases, quantity decreases. A. Law of Supply C. Law of Demand B. Law of the concept of Supply D. Law of the concept of Demand ____3. It shows that when price increases, quantity increases also. A. Law of Supply C. Law of Demand B. Law of the concept of Supply D. Law of the concept of Demand ____4. The relationship between price and quantity in the law of demand is _____. A. Positive C. Indirect B. Direct D. Negative ___5. The relationship between price and quantity in the law of supply is _____. A. Indirect C. Negative B. Direct…
- 1. Show the market for potatoes on a graph and show what will happen if there is a drought in Idaho (where a lot of potatoes are grown) b. On another graph, show what will happen in the market for potatoes if there is a drought in China (where, I presume, a lot of rice is grown).5. What marks the key difference between economic systems 9 A) The way they manage the factors of production B) The way they transport goods within their borders 10 .11 C) The way rules and regulations are legislated D) The way workers are relocated to different regions 6. A new feature on the latest iPhone has made it wildly popular. Which action should .12 iPhone take to maximize profits 13 A) Increase the supply of the smart phone. B) Decrease the supply of the smart phone. 14 C) Reduce the price of the smart phone. D) Maintain the current supply until demand falls.How the demand factors is impacting the consumer market. Illustrate and give 3 examples of each demand with product Pictures
- What does the number of buyers affect? A. all individual supply curves B. the market supply curve C. production possibilities frontier D. the market demand curve3. use the theory of market( i.e demand and supply ) to expaln what is happening in each of the following scenario1. It is primarily the basis of economic activity a. economics b. scarcity c. social science d. abundance 2. What happen to the demand for tilapia if the price of bangus will go down? a. prices of tilapia remains b. price of bangus remains c. shift to the right d. shift to the left If cruz family lessens their demand expenditures for rice because they want pandesal for their breakfast, this is a. time efficient b. taste and preference c. decrease in income d. saving for cooking gas
- Amber bakes muffins and cookies to sell at the market. If she bakes more cookies and fewer muffins, her marginal Question content area bottom Part 1 A. benefit of baking muffins increases. B. cost of baking muffins increases. C. cost of baking muffins decreases. Your answer is correct. D. cost of baking cookies decreases. E. benefit of baking cookies increases.9, what is primarily concerned with markets for goods, services and resources1. what is a supply? 2. what is a quatity supplied? 3. what is the difference between supply and quantity supplied? 4. change in supply versus change in quatity supplied.
