NAME Oliva. Noemi PRINT LAST NAME, FIRST NAME Which of the following would be expected to decrease the demand for textbooks? An increase in the price of textbooks A decrease in college enrollment An increase in financial assistance to college students A decrease in the tuition per college class NAM 5. a. b. Ceteris paribus, an increase in the supply of tortillas causes the equilibriu decrease; increase C. 1. d. and the equilibrium quantity of tortillas to decrease; decrease 6. C. tortillas to increase; increase increase; decrease d. a. b. Assuming tomato juice is a normal good, an increase in consumer income will cause an in the price of tomato juice. tomato juice and a(n) c. 7. demand for; decrease increase in the demand for; increase supply of, increase supply of; decrease a. d. b. Ceteris paribus, an increase in the demand for tortillas causes the equilibrium price e e tortillas to 8. and the equilibrium quantity of tortillas to decrease; increase increase; increase increase; decrease a. C. b. decrease; decrease d. 9. Assume teenagers in a town can either babysit or rake leaves to earn money on the weekends. Ceteris paribus, if the price paid for an hour of babysitting increases relative to the price paid for an hour of leaf raking, then: the supply of teens available to rake leaves is likely to decrease. the supply of teens available to baby sit is likely to decrease. the demand for baby sitting is likely to increase. the demand for leaf raking is likely to decrease. a. b. C. d. 10. Technological improvements that reduce the cost of manufacturing smaller personal computers combined with an increase in the demand for smaller personal computers results in an increase in equilibrium: a. quantity, but no change in equilibrium price. price, but no change in equilibrium quantity. quantity, but the change in equilibrium price depends on the size of the shifts. price, but the change in equilibrium quantity depends on the size of the shifts. b. C. d. 4 Assignments