Which of the following is not a determinant of demand? Answer Choice Group a. Input price expectations. c. Price of the complementary good b. Price of the substitute good d. Income increase.
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- Which is not a determinant of demand? * A) income B) the cost of inputs in production C) the prices of related good D) future price expectationsWhich of the following would NOT be a determinant of demand? A. the price of related goods B. the prices of the inputs used to produce the good C. income D. expectationsPlease no written by hand solutions For a demand schedule, which of the following is held constant? a. relative prices b. nominal prices c. quantity demanded d. quality of the good
- The main determinant of the behavior of people in which the law of demand applies is the ______________ of the commodity being demanded. real income nominal income price all of the aboveExplain the following demand determinants: (1) Income (2) Price of related goods and services (3) Taste or preferences of consumers (4) Size of Population (5) Expected Price of the Product in the future periodsWhat is the equilibrum price and Quantity on the following: a) Demand p = 100-5q, Supply p = 0+10q, b) Demand p = 100, Supply p = 20+4q
- Demand Question- Sale on Iphones effects Galaxy Phones. Analyze Galaxy Phones A) Income B) Expectations C) Price Only D) More or Less Population E) Tastes & Preferences F) Related Goods- Compliments G) Related Goods- Subsitute (Choose one answer)Note just provide answers. Like Q1 =b Question 1 Question text The income effect refers to: Select one: a. changes in income because of changes in business investment. b. changes in money or nominal income because of changes in wages. c. a change in the quantity demanded of a good because of an implicit change in the buyer's income caused by a change in the price of a good or service. d. a change in the quantity demanded of a good because of a change in the buyer's money income. Question 2 Question text Assume a market initially exhibits a shortage. Assuming that both prices and quantities are flexible, which of the following will be true after the market adjusts to equilibrium? Select one: a. Price is lower. b. Quantity demanded is greater. c. Quantity supplied is more. d. Quantity supplied will be reduced. Question 3 Question text The fundamental economic questions that every economic system must answer are: Select one: a. what, how, and for whom.…If the price of a good rises, then the effect on the income of the factors that are used intensively in itsproduction will beA) to raise income by an absolute amount that is less than the rise in prices.B) to raise income by an absolute amount that is more than the rise in prices.C) to raise income by a smaller percentage than the rise in prices.D) to raise income by a greater percentage than the rise in prices.
- Consider the market for minivans. For each of the events listed, identify which of the determinants of demand are affected. Also indicate whether demand is increased or decreased. A recession reduces average family income. Because of an autoworker strike, people believe that the price of minivans will rise in the future.Analyze the following statements and categorize them into Determinants of Demand(DD) or Determinants of Supply (DS)._________8. Stell expects that the price of a kilo of rice will increase the following dayso he decided to buy now for tomorrow’s consumption.Draw a graph: new equilibrium price supply and demand where as quantity is predicted and unpredicted?
