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- The supply of new houses in Houston is best described as A. As the price of new houses in Houston fell in 2020, builders built fewer new houses. B. The quantity of new houses that builders are willing and able to build at various prices in a given period of time. C. The number of new houses purchased in Houston in 2020.In the market for public transport, which of the following variables would decrease demand, ceteris paribus?A. An increase in the price of private motor vehicles.B. A decrease in the price of private motor vehicles.C. An increase in price of private motor vehicle service plans.D. A decrease in the price of bus tyres.E. An increase in the price of motorbikes, a substitutThere is a functional relationship between Price of an IPod Touch, � and Weekly Demand,
- Artificial versus Natural Vanilla. An artificial alternative to natural vanilla is cheaper to produce but doesn t taste as good. Suppose the makers of artificial vanilla discover a new recipe that improves its taste. Use a demand and supply graph to show the effects on the equilibrium price and quantity of natural vanilla.When a company offers a new product or service, they estimate how much of that product or service people will want at different prices. This is referred to as the product or service demand. As the price of a product or service increases, the demand usually decreases, and this drives the price down. Companies use the estimated demand to determine how much of a product or service they are willing to supply at different prices. As the price of a product or service increases, companies are willing to supply more of it because they will earn more money. If you graph the demand and the supply curves on the same xy-plane, they will sometimes intersect at the point where the price and the supply are in equilibrium. Consider the scenario below. Yaseen is a local artist who wants to increase the amount of money she earns every month by selling at-home painting kits. These kits will include a photograph of the finished painting, a link and password to Yaseen’s YouTube channel where she will…a new study suggests that eating wild salmon reduces your chances of developing heart disease. At the same time, the government adopts a new regulation that increases the cost of catching wild salmon. Based on these changes we would expect the equilibrium quantity of the wild salmon sold to. increase decrease remain unchanged it is impossible to say
- If the demand for tin is relatively inelastic to price changes, an increase in the supply for tin will cause a A. decrease in price and a decrease in sales revenue. B. increase in price and an increase in sales revenue. C. decrease in price and an increase in sales revenue. D. increase in price and a decrease in sales revenue.An increase in the price of pineapples will result in a decrease in the demand for pineapples. a smaller quantity of pineapples supplied. an increase in the supply of pineapples. a larger quantity of pineapples supplied.The "supply of new houses" in Houston is best understood to mean which of the following ? A. As the price of new houses in Houston fell in 2020, builders built fewer new houses. B. The number of new houses purchased in Houston in 2020. C. The quantity of new houses that builders are willing and able to build at various prices in a given period of time. D. The number of new houses built in Houston in 2020.
- The price for FireSticks is higher in the June than in January. This would be explained by the fact that a. demand for FireSticks is higher in the June than in the January. b. the supply of FireSticks is higher in the June than in the January. c. the quantity demanded of Firesticks is higher in June than in the January d. there are more Firesticks released into the market in June than in the January.What is the law of demand? A) As the price of a good increases, its demand decreases B) As the price of a good increases, its demand increases C) Demand remains constant regardless of price changes D) Demand is directly proportional to supply Don't use chatgpt otherwise give 20 downvotes Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The price of haircuts increased by 8%, and the quantity demanded for haircuts decreased by 4%. From this we can conclude that the demand for haircuts is: Select one: a. price elastic. b. price unit elastic. c. price inelastic. d. cross price inelastic.