An increase in the price of the cheese used to produce pizza shifts the supply and demand curve of pizza left or right?

Q: If a decrease in the demand for product X causes the demand curve for product Y to shift to the…

A: Answer: Butter and Margarine

Q: Consider the supply curve for wool sweaters. An increase in the price of wool will: decrease the…

A: Th answer is - decrease the supply of wool sweater.

Q: Plot the supply curve from the supply schedule information provided. Price Quantity Supply (Q, ) 1 3…

A: Supply curve can illustrate as follows: In the figure, horizontal axis represents quantity and…

Q: Do you agree with the following statements? Give reasons.  (a) There are some exceptions to the law…

A: Answer - Need to find- Do you agree with the following statements? Give reasons.    (a) There are…

Q: Below is a supply and demand curve for spaghetti. Assume that the price of rice increases and the…

A: Substitute goods are those goods which can be used for same purpose by same consumers. Therefore, in…

Q: Which of the following is consistent with the law of demand?       A. A decrease in the price of…

A: In general, people buy more  of goods and services when price is low and when price is high then…

Q: Consider the relationship between the demand for the following products: vodka and grains. What…

A: Complementary goods are those goods that are used together or in conjunction. The absence of one…

Q: Draw a supply and demand curve for peanut butter. The price of jelly rises significantly, what…

A: Complementary Goods:  Complementary goods are those goods which used together. If the price of one…

Q: Of the following, which situation would cause the shift of the supply curve from S1 to S2? D P1 P2…

A: A shift in supply curve may cause due to various such as change in number of firms, raw material,…

Q: Demand schedule Price (for Pound) $8.99 $10.99 $13.99 $14.99 Quantity Demanded (cases) 90.0 500 350…

A: At equilibrium level the demand and supply interaction determined the price level . it is determined…

Q: Butter and margarine are consumption substitutes. The supply of margarine increases. This should A.…

A: Given: There are two goods, butter and margarine. These goods are consumption substitutes.

Q: Beef supplies are sharply reduced because of drought in the beef-raising states, and consumers turn…

A: A firm's supply is the quantity that it chooses to sell at a given price, given technology, and…

Q: If coffee and tea are substitutes, then an increase in the price of coffee a. Shifts the demand…

A: In a market, when two goods are substitutes, their cross price elasticity is positive as the…

Q: Assume there is an increase in the price of electricity (which is the result of a decrease in the…

A: Substitute good can be used in the place of another good. In the case of substitute goods, an…

Q: Does a change in consumers’ tastes lead to a movement along the demand curve or a shift in the…

A: A demand curve is a curve which shows a graphical representation of the relation between the price…

Q: What effect will each of the following have on the demand for small automobiles such as the Mini…

A: Demand refers to the amount of willingness and ability of the consumer to purchase the goods and…

Q: Plot the supply curve from the supply schedule information provided. Price Quantity Supply (Qs) 1 2…

A: Supply refers to the relationship between the price of the commodity and the producer's willingness…

Q: in the market for cola how does the market equilibrium change when both the supply of cola and the…

A: The equilibrium price and quantity are found at the point where the quantity supplied is equivalent…

Q: There is an increase in the equilibrium price of gasoline, and an increase in the equilibrium…

A: The curve that depicts various quantities of goods and services being produced at different levels…

Q: Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply…

A: Bicycles are made out of steel, which means steel is a factor of production of Bicycle. So, change…

Q: Over the past 20 years, the average price of avocados has more than doubled. Assume that the price…

A: 1 - Yes , it is the reason for rise in price . This is because more health benefit will lead to rise…

Q: Which of the following graphs represents an increase in supply in a given market?

A: An Increase in Supply will shift the supply curve towards right and with the decrease in supply, the…

Q: What happens to the supply curve if quantity supplied falls

A: Supply curve is the notation of relationship between price and quantity supplied. It is positively…

Q: if nothing else is changing. what will happen when the price for using golf courses falls ? A. more…

A: Answer: If the price of using golf courses falls then the demand for using gold courses will…

Q: What effect will each of the following have on the demand for small automobiles such as the Mini…

A: Demand refers to the volume of goods and services that a consumer is willing to purchase at a given…

Q: For each of the following changes, determine whether there will be a change in quantity demanded or…

A: There is a change in demand when the consumption of consumers change due to change in any factor…

Q: If new substitutes are developed for a product, what will likely happen to the demand curve for that…

A: The price elasticity of demand measures the responsiveness of the quantity demanded of a good or…

Q: Suppose the price of muffins decreases. (Assume that people regard donuts and muffins as…

A: When two or more goods can be interchangeably consumed, they act as substitutes for each other. The…

Q: What effect will each of the following have on the supply of auto tires? The expectation that the…

A: Supply denotes the volume of goods and services that a producer is willing to sell at different…

Q: Consider the market for orange juice. Apple juice prices have gone down, and price of oranges have…

A: Demand and supply are the main factors that run the market and decide the market price and quantity.

Q: If goods A and B are substitutes, a decrease in the price of good B will: O decrease the demand for…

A: For substitutes good, if the price of one good decreases then demand for that good increases and…

Q: Which of the following will decrease the supply of goods?

A: Supplier of goods usually decreases due to increase in  cost of production.

Q: I need help on question #6.

A: The movement of market is based on the forces of demand and supply and the changes in supply and…

Q: If goods A and B are substitutes, an increase in the price of good B O increase the demand for good…

A: Answer: option d (decrease the demand for good B and increase the demand for good A) Explanation:…

Q: Electricity is a major input into the production of aluminum and aluminum is a substitute in supply…

A: Understanding the nature of the goods in terms of whether they are complimentary or substitute help…

Q: Which of the following will have no impact on the demand for Yogurtland frozen yogurt in San Diego?…

A: Note: We will answer one question as the exact one was not specified. Please resubmit a new question…

Q: If the supply of tennis balls, a complement to tennis racquets, decreases, what will happen to the…

A: If the supply of tennis balls decreases, the equilibrium price of tennis balls increases and the…

Q: Suppose hot dogs and mustard are complements in consumption. An increase in the supply of hot dogs,…

A: Answer: If hot dongs and mustards are complements then a decrease in the price of one good will lead…

Q: What are the effects on the equilibrium price and quantity of chips if information becomes available…

A: at equilibrium level the market forces interacts and determines the price level when demand and…

Q: The demand for gasoline is represented by: P = -0.9 Qd + 6.1 The supply of gasoline is represented…

A: Given  Demand function = P = -0.9 Qd + 6.1Demand Supply = P = 1.4Qs + 3.3 In Equilibrium quantity…

Q: Motorcycles and bicycles are substitutes under demand. The following questions relate to the bicycle…

A: Demand is the willingness and ability of consumers for consuming and buying goods and services at…

Q: Which of the following might lead to an increase in the equilibrium price of hot dogs and a decrease…

A: At Equilibrium Price, Quantity Demanded is equal to Quantity Supplied.  Option 1 is wrong. With the…

Q: Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in…

A: The equilibrium price is the price where quantity supplied and quantity demanded equal. This is the…