Which of the following will cause a movement when looking at an individual’s demand curve?         Price         The Availability of Alternative Goods     Tastes and Preferences         Changes in income

Q: Variables that can shift the demand curve

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

Q: Illustrate the appropriate change and specify whether each change represents an increase or a…

A: If a product or service appears to be similar enough to another to be considered a substitute or…

Q: ired by consumers. B. ordered by consumers in a particular period. C. consumers are willing and able…

A: Market indicates to a place where goods & services are bought & sold. Here the goods are…

Q: A consumer is in equilibrium at point A in the accompanying figure. The price of good X is $5.  What…

A: The measure that depicts intersection of demand curve and supply curve in the economy is known as…

Q: Explain the difference between each of the following. (a) A consumption curve and a demand curve.…

A: Answer a. The demand curve shows the quantity that the consumer would purchase if the price of the…

Q: Assume that Figure represents the market for designer jeans. Which of the following would most…

A: Answer: The shift in the supply curve takes place due to changes in factors other than price. The…

Q: Suppose when a person’s income increases, his or her demand for mac and cheese decreases. What is…

A: There exists a positive relation between income of a consumer and demand for normal good. There…

Q: Q1. Suppose the income of consumer rises, what happens to equilibrium price and quantity of Pizza? […

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

Q: explain and  Elaborate all possible effects of change in price to the equilibrium of consumer.

A: Consumer choice about what commodity he should consume and in what quantity depends on the price of…

Q: Which of the following is a determinant of demand? A) the price of a substitute goods B) the price…

A: In a market, there are various determinants of demand that have the ability to influence the…

Q: Which of the following is most likely shift out the demand curve for mobile phone calls? Group of…

A: The most likely shift out the demand curve for mobile phone calls  can be a great advertising…

Q: Which of the following is NOT a characteristic of Giffen goods? a. The goods have no close…

A: A Giffen good is a special type of good because it does not follow the law of demand condition when…

Q: If apples and pears are substitutes in consumption, then a disease that affects apple trees will…

A: Substitute goods can either fully or partly satisfy the same needs of the customers. Therefore, they…

Q: Pizza is a normal good if the demand a. for pizza rises when income rises. b. for pizza rises when…

A: Demand is an economic principle that refers to a consumer's desire to purchase goods and services,…

Q: For each of the following changes, determine whether there will be a change in quantity demanded or…

A: There is a change in the quantity demanded when the price of the product chanegs whereas there is a…

Q: Select all the factors that might increase the demand for frozen slushies. decrease in the price of…

A: Demand for a good is affected by many factors such as change in income, price of related good and…

Q: A change in price causes movement along a demand curve and a change in           .................

A: Movement along the demand curve is done when there is a change in the prices of the commodities and…

Q: Presently the real income of households are decreasing what do you think will happen to the demand…

A: Goods for which the demand moves in the same direction as the income of the individual are normal…

Q: You have just opened a new grocery store. Every item you carry is generic (generic beer, generic…

A: The new store will be carrying generic items, i.e, beer, bread, chicken etc. These products have…

Q: market demand curve reflect

A: The demand represents the demand done by the consumers in the economy during a given period at given…

Q: Elaborate all possible effects of change in income and price to the equilibrium of consumer.

A: The equilibrium in the market is determined where demand is equal to supply. It means the quantity…

Q: The utility function of a consumer is u = √x + 2y. (a) Look for the demand function of goods x and…

A: u=x+2y

Q: Identify the type of goods which have negative income demand. a. Substitute goods b. Inferior goods…

A: Substitute goods are those goods which can be used alternatively or in place of each other and get…

Q: Beef is a material for beef meatball.  We observe that the equilibrium quantity of beef meatball…

A: The market is a place where the buyers and the sellers meet together and decide about the quantity…

Q: What happens to demand for normal goods when there is rise in price of substitute goods

A: A normal good is also known as a necessity good. These are the goods that have higher demand when…

Q: Let’s look at the market for sophisticated laptop computers. When income increases, the demand for…

A: At a marketplace, a good is an inferior good is its demand has inverse relationship with the income…

Q: If goods X and Y are substitute goods, then an increase in the price of Y, other things constant, O…

A: In a market, when two goods are substitutes, they both can be exchanged for each other as they are…

Q: An increase in the price of a good causes Select one: a. none b. An increase in the consumption of…

A: The law of demand indicates the inverse relationship between the price of the good and its quantity…

Q: Which of the following is true regarding income along a price-consumption curve? A. Income is…

A: Price consumption curve depicts the change in quantity consumed as the price of good changes,…

Q: Describe how each of the following will affect the demand for personal computers: a. A rise in…

A: a. The income of the consumer is an important factor that determines the demand for the commodity in…

Q: Discuss the effect of each of the following to a couple’s demand for children and other goods: a.…

A: Demand is an economic concept that refers to a consumer's desire to buy products and services as…

Q: Will an increase in the price of a complementary good outwardly shift the demand curve?

A: Complementary Goods:- Complementary goods are those goods whose demand decreases when price of other…

Q: What happens to demand for normal goods when there is rise in substitute goods

A: Demand refers to a commodity that a consumer wish to purchase at a given price in a given period of…

Q: What happens to demand for normal goods when income of people decrease

A: Demand is the total goods and services that the consumers are willing to buy at different prices.

Q: Explain through the optimal choice of a person how their individual demand function arises. Use an…

A: Demand  Demand is the amount of a commodity that consumers are willing to purchase at various…

Q: hich of the following statements is TRUE regarding the relationship between Complimentary Goods? a…

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

Q: Discuss fully the effect of each of the following to a couple’s demand for children and other goods.…

A: Law of demand shows that the increment in price causes to reduction in the quantity demanded and…

Q: If the supply curve for aspirin is perfectly elastic, then a reduction in demand will cause the…

A: The markets have two sides, the demand side, where the buyers, and consumers operate, and the other…

Q: Explain how each of the following factors can cause demand to shift either to the left or to the…

A: The quantity of an item that consumers are willing and able to consume at various prices over a set…

Q: What will happen to demand curve for normal goods when there is rise in price of substitute goods

A: A replaceable good is a commodity or service that buyers perceive to be exactly the identical as or…

Q: Which of the following will not cause a good’s entire demand curve to shift? Group of answer…

A: A demand curve is a line that provides information about the behavior of demand-side participants…

Q: Assuming ceteris paribus (all other things being equal), discuss fully the effect of the following…

A: Keeping everything equal the couple demand for children and other good is that the increase in the…

Q: From the consumer’s viewpoint, which of the following is to get the most total satisfaction or value…

A: Customer satisfaction: The degree to which customers are satisfied with items is known as customer…