The price of milk has increased. What change will be take place in  the supply curve of chocolate?

Q: The law which states the positive relationships between price and quantity supplied is known as…

A: Price and quantity supplied have a direct link between then. This means if price rise then the…

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: what are the determinants of demand for a product

A: Demand is the quantity of a good or service that people purchase at different prices during a given…

Q: How might companies such as Mars and Nestlé react to an increase in the price of sugar?

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

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: When the price of cable TV decreases what will happen to the demand for satellite TV? Draw a diagram…

A: Substitute goods are the goods that can be used in place of one another and provide the same level…

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: The figure above shows the demand for fruit snacks. Which movement reflects how consumers would…

A: Demand curve depicts the relationship between price and quantity demanded.

Q: Which of the following would cause the supply curve to shift to the right? An increase in the price…

A: The law of states that as the price of the product rises then quantity falls and as the price of a…

Q: Consider a company that decreases the price of their product by 50% and finds that quantity demanded…

A: Elasticity of demand measures how much the quantity demanded responds to the changes in the price of…

Q: Distinguish between the change in the quantity supplied and the change in the supply

A:

Q: Refer to the graph below: D, Price D. D, D. X, Pounds per month The demand curve and supply curve…

A: In the given graph, a shift from DD curve to D1D1 curve explains the rightward shift and it happens…

Q: How is the demand for pizza different from the demand for pizza cooks?

A: Demand for a commodity refers to the amount of commodity that a consumer is willing to purchase, is…

Q: When economists say the quantity supplied of a product has decreased, they mean the supply curve has…

A: Supply Curve: It is the graphical object showing the relationship between the price of a good 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: What is a supply table? How do you obtain a supply curve from a supply table?

A: Supply table is a schedule or a tabular statement which gives different quantity supplied of a good…

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: Select the phrase that correctly completes the following statement. "A positive change in technology…

A: The markets around the world tend to operate upon the forces of the supply of goods, and services,…

Q: Consider the market for beef, if there is an increase in the price of chicken and an increase in the…

A: Chicken and beef are substitute goods.  Increase in price of chicken would shift the demand curve of…

Q: What is the difference between a "change in supply" and a "change in quantity supplied?"  Graph your…

A: There is a change in supply when there is a change in any factor other than price of the product. It…

Q: If advances in PC production technology increased the supply of PCs sharply. The demand for PCs will…

A: Here, it is given that there is a technology advancement in PC’s production; therefore, as a result,…

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: Difference between expansion of demand an increase in demand?

A: Expansion of demand and an increase in demand are two different concepts.

Q: draw graphs to illustrate the difference between a decrease in quantity supplied and a decrease in…

A: The figure 1 shows decrease in quantity supplied and a decrease in supply for condominiums

Q: Explain how the equilibrium, or market, the price of a product is examined.

A: Equilibrium is known as the state of balance, the state of rest from where there is no tendency to…

Q: explain what is the difference between a “change in supply” and a “change in quantity supplied

A: A supply curve represents alternative price quantity combinations. At higher prices greater…

Q: What causes a change in the quantity supplied? Graph a supply curve and show a change in quantity…

A: When supply changes with respect to its own price mentioned other factors being ceterus paribus then…

Q: When the price of a haircut goes down, in what direction does the quantity supplied move on the…

A: Change in price will cause movement along the supply curve and it cause. expansion or contraction of…

Q: why does the supply curve shift

A: In the event that costs fall, more can be delivered, and the supply curve will move to one side. Any…

Q: What happened to the equilibrium price and quantity of Chick-fil-A when Popeyes released their…

A: Equilibrium price: It is the situation where the price and supply of goods match with demand.

Q: If bread and butter are complements then what will happen if there is an increase in the price of…

A:

Q: What causes the market demand for a commodity to increase (i.e., causes the market demand curve to…

A: As economies and societies developed, the study of economics got more complicated. Hence, as a…

Q: What happened to the equilibrium price and quantity of Chick-fil-A when Popeye's released their…

A: Chick-fil-A and chicken sandwich are substitutes goods. Such goods can be used in the place of…

Q: When the supply curve shifted, what effect did it have on the quantity supplied at $1.20

A: Supply is defined as the number of services or goods which a producer is willing and able to provide…

Q: In what direction will shift the demand curve for sun-protect cream in the winter season? Draw the…

A: Sun protected creams are used to apply on skin so that skin can be protected from harmful rays of…

Q: Explain the Law of Supply.

A: Supply refers to the volume of goods, services, assets, capital, or resources the producers, service…

Q: What is the Supply Schedule and the Supply curve, and how are they related?

A: Supply is a fundamental concept of economics which describes the total amount of a specific service…

Q: What is supply? What are the factors affecting supply of a commodity?

A: In simple words we can say that supply means the actual amount offered for sale per units of the…

Q: Suppose you like to make, from scratch, pies filled with banana cream and vanilla pudding. You…

A: Demand for a service is the number of units that a buyer is willing and capable of purchasing at its…

Q: Distinguish between a shift in and a movement along the supply curve.

A: A supply curve shows the relation between price charged and quantity supplied. When there is a shift…

Q: What does the law of supply say about the relationship between price and quantity supplied?

A: Supply refers to the quantity supplied by producer in the market. Supply influences by various…