If the equilibrium price of Pepsi increased and the equilibrium quantity of Pepsi increased, which of the following could NOT have happened? * PEPSI, OLIVE EARTH 12 FL DZ (355 mlI) Demand shifted to the left and supply stayed the same. Demand shifted to the right and supply stayed the same. Demand shifted the the right and supply shifted to the right. Demand shifted to the left and supply shifted to the right. O None of the above. Įsdəd

Q: explain the difference between the following: complements and substitutes in production…

A: a) Complements and substitutes in production In production, complement goods are the goods that are…

Q: Using appropriate (completely labelled) diagrams, explain the effect upon equilibrium price and…

A: Complementary goods are the goods that are consumed together. For example, pencil and notebooks,…

Q: The United Kingdom plans to end the use of gas-powered and diesel-powered cars by the year 2040. At…

A: The quantity demanded of the good is defined as the amount of the good the consumers of the good are…

Q: With increased access to wireless technology and lighter weight, the demand for laptop computers has…

A: When there is a shift in demand of a laptop, because of an increase in access to wireless…

Q: The demand for leather bags is P= 400 –4Qp- The supply of leather bags is P = 125 + 5Qs. What is the…

A: The market is a place which consists of the buyers and the sellers who decides a price of the good…

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: Which of the following events is expected to cause the equilibrium quantity to rise? demand…

A: demand and supply is the main factor which can affect the price and quantity in market so we can…

Q: Consider the market for minivans. For each of the following event, identify which of the…

A: Demand refers to the volume of goods and services that consumers are willing to purchase at…

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: Consider the market for chicken burger. For each of the events listed here, identify which of the…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…

Q: The __________ and ___________ curve together determines the equilibrium quantity and equilibrium…

A: # if we consider the free market where the government intervention is not taken into consideration,…

Q: Which of the following situations will cause for an outward shift in supply? a. There is a rise in…

A: The quantity of a commodity that providers are willing to manufacture and sell at various prices…

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

A: The equilibrium price is the market-clearing price that is determined corresponding to the…

Q: Question 8

A: Demand: It refers to the quantity of a commodity that the consumer is willing and able to purchase…

Q: Assume that the equilibrium price of French fries rises, while the equilibrium quantity falls. The…

A: The price of substitute goods determine the quantity supplied of the given good. When the price of…

Q: Q3:    Answer the following questions with the help of the table that shows the demand and supply…

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…

Q: ompleted 60 out of 60 stion 11 of 60 <. If both the supply of and the demand for a good increase…

A: At equilibrium demand curve intersects the supply curve. This helps to determine the price level and…

Q: Which of the following would cause an increase in the demand for natural gas, which would cause the…

A: When the price of substitute goods or related goods are increasing in the market then the demand for…

Q: What is the effect of releasing onions from federal stores on the onion market? Following the…

A: A market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: Graph demand and supply. Show graphically and explain the change in equilibrium price and quantity.…

A: Demand is the consumer’s want to buy goods or services according to their willingness to pay.Supply…

Q: Suppose both supply and demand increase. What effect will this have on the equilibrium quantity?…

A: Demand represents the volume of goods and services that the consumers are willing to buy at…

Q: After several years of decline, the market for handmade acoustic guitars is making a comeback. These…

A: An economy is said to have reached an equilibrium level where the curve intersects the supply at…

Q: Notice the original equilibrium price from February (P1). Now, look at the new equilibrium price…

A: The market is a mechanism which results in the buyers and sellers engage in the transactions which…

Q: Consider the market for minivans. If the price of steel decreases, then the quantity of minivans…

A: (a). Increase. Steel is the input used in the production of the body for the car. If the price of…

Q: Calculate equilibrium price if demand equation is 23Q - 39 = P And the equilibrium quantity is 8…

A: The information being given to us is:- Demand equation is:- 23Q - 39 = P Where Q is the equilibrium…

Q: The market for blue jeans is in equilibrium. Blue jeans are a normal good for consumers. If a…

A: As there prevails the condition of recession in the economy which has decreased the income of the…

Q: Match the Example with the non-price determinant of Demand for Cheeseburgers The price of burger…

A: When talking about demand, there are various determinants that have a significant impact on…

Q: Consider the market for laptops in 2015. Between 2015 and 2016, the equilibrium price of laptops…

A: Demand for a commodity is the desire backed by ability to buy and willingness to pay. There is an…

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: A product's price and the quantity consumed both increased from one year to the next. Which of the…

A: In economics the supply and demand refers to the connection between the amount of a product that…

Q: Due to the increase in the demand for video games, the equilibrium price of video games increases by…

A: In Economics, there is believed to be a direct relationship between the demand level and its…

Q: Orange juice and apple juice are substitute goods. Assume that many acres of apple orchards are…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: An increase in the demand for note books raises the quantity of note books demand, but not the…

A: Suppose there is a market of notebooks with downward sloping demand curve D and upward sloping…

Q: Consider the car market during 2018-2019 . The equilibrium price of cars remained constant, but the…

A: In a free market, fluctuation in demand or supply affects the equilibrium amount of output and price…

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: Suppose the supply and demand equation are given as follow: Demand: Qd=104-4*p Supply: Qs=25+2*p…

A: If the quantity demanded and the quantity supplied are equal at the market price, the market is in…

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: When due to rise in price of a good, total expenditure on the good also rises, then demand is…

A: # Depending upon the type of the demand the perticular good have, a rise or fall in price would…

Q: Identify whether there is an increase or decrease on the variables given below: when the Assume that…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Will the equilibrium price of orange juice increase or decrease in each of the following situations?…

A: The demand for a commodity expresses the units of that commodity which the consumer desire to…

Q: There is a sharp freeze in Florida that damages the orange harvest and as a result, the price of…

A: When there is a change in price, there occurs a change in quantity supplied or demanded. When there…

Q: Question 9

A: Labor supply: It refers to the total number of hours workers are willing and able to supply at the…

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

A: When the equilibrium point in a market for a product changes, it could mean that the product's…

Q: Which of the following may lead to a rise in the equilibrium price of iPhones and a fall in the…

A: Goods can be divided into substitute goods, complementary goods or they can be unrelated. Two goods…

Q: ЕOC 5.04 Which of the below would likely cause the equilibrium price of pencils to rise and the…

A: Factors that affect the demand for the goods includes: price of the complementary goods, price of…