Which of the following would cause an increase in demand in the market for yoga pants? The price of jeans, a substitute good, decreases The price of synthetic fibers, an input used to make yoga pants, decreases The price of yoga pants decreases The price of yoga mats, a complementary good, decreases

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: In december, the price of christmas trees rises, and the quantity of trees sold rises.is this a…

A: The law of demand establishes the negative relationship between the price of a good and its quantity…

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

A: Demand is the quantity of goods and services that consumers are willing and able to buy at a given…

Q: Which of the following would shift the supply curve for a commodity to the RIGHT?  a. An increase in…

A: The supply curve is an upward sloping curve which represents the association between the price of a…

Q: Consider the relationship between the demand for the following products: vodka and grains. What…

A: Complementary goods are those goods that are used together or in conjunction. The absence of one…

Q: Sodium-sulfur batteries are potentially a substitute for lithium batteries.  Carbon is often used…

A: If the price of sodium-sulfur batteries decrease, then the price(P) of lithium batteries also will…

Q: Butter and margarine are consumption substitutes. The supply of margarine increases. This should A.…

A: Given: There are two goods, butter and margarine. These goods are consumption substitutes.

Q: Which of the following will lead to a decrease in the equilibrium quantity of baseball caps? a) a…

A: The change in the income affects the demand for baseball caps which in turn affects the equilibrium…

Q: Which of the following events would increase the demand for cruise vacations?

A: Demand refers to the quantity of a good or service that people are able and willing to purchase at…

Q: Which of the following situations will cause for an outward shift in supply? a. There is a rise in…

A: The quantity of a commodity that providers are willing to manufacture and sell at various prices…

Q: If coffee and tea are substitutes, then an increase in the price of coffee a. Shifts the demand…

A: In a market, when two goods are substitutes, their cross price elasticity is positive as the…

Q: What effect will each of the following have on the demand for small automobiles such as the Mini…

A: The law of demand establishes the inverse relationship between the price and quantity demanded,…

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: Assume there is an increase in the price of electricity (which is the result of a decrease in the…

A: Substitute good can be used in the place of another good. In the case of substitute goods, an…

Q: Which of the following might lead to an increase in the equilibrium price of jelly and decrease in…

A: The equilibrium price is the market-clearing price that is determined corresponding to the…

Q: Q7. You are analyzing the demand for good X. Which of the following will result in a shift to the…

A: When demand increases due to other than price factor then demand curve shift to the right. When…

Q: Which of the following would cause an increase in the demand for natural gas, which would cause the…

A: When the price of substitute goods or related goods are increasing in the market then the demand for…

Q: Milk becomes less popular and poor weather decreases the quantity of milk produced.  If the change…

A:

Q: You are told that the market price of coffee has increased and more coffee is being purchased in the…

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: Which of the following graphs represents an increase in supply in a given market?

A: An Increase in Supply will shift the supply curve towards right and with the decrease in supply, the…

Q: What will happen to demand for normal goods with the increase in population

A: An inferior good defines a good whose desired demand tends to drop with the increment in the money…

Q: What effect will each of the following have on the demand for small automobiles such as the Mini…

A: Demand refers to the volume of goods and services that a consumer is willing to purchase at a given…

Q: Which of the following will not cause a change in the demand for coffee.  A. a decrease in the…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: Ice cream is made from fresh milk. A change occurs in the market for ice cream and the supply of ice…

A: The law of supply refers to the positive relationship between price and quantity supplied. as price…

Q: Which of the following would NOT decrease the demand for steak? A. a fall in the price of chicken (a…

A: Demand curve shows an inverse relationship between price and quantity demanded. It slopes downward.

Q: Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple…

A: Supply curve shows different levels of quantity supplied at different price levels

Q: I need help on question #6.

A: The movement of market is based on the forces of demand and supply and the changes in supply and…

Q: An increase in the price of good B caused an increase in the demand for good C. This indicates that

A: An increase in the price of good B caused an increase in the demand for good C. This indicates that…

Q: Which of the following causes the supply curve to shift? Changes in population Changes in income…

A: Number of the businesses that make the product can shift the supply.  If there are more businesses…

Q: For each of the following scenarios, determine if there is an increase or a decrease in supply for…

A: Since you have asked a multi-part question, and according to the policy, we can only solve the first…

Q: "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a…

A: Supply: It means the total amount of goods or services available for consumers in the market.

Q: Consider the market for gas. Which of the following changes would most likely lead to a decrease in…

A: Supply refers to the availability of goods and services in the market. The factors such as price of…

Q: What effect will each of the following have on the supply of auto tires?a. A technological advance…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple…

A: A change in the quantity supplied is different than a change in the supply.

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: Consider the market for pizza in Starkville. Which of the following will shift the demand curve for…

A: Demand for a good represents the quantity of the good that the consumers are willing to buy at a…

Q: The prices of the Ralph Lauren Polo line of clothing are considerably higher than comparable quality…

A: Law of Demand shows the inverse relationship between price of a good and the quantity demanded of it…

Q: Which of the following would cause a supply curve to shift to the left? A. The cost of resources…

A: Supply curve(ss) is an upward sloping line which shows a positive connection between the price(P)…

Q: Which one of the following will not give rise to a decrease in the demand for butter, illustrated by…

A: Factors causing shift in demand curve are as follows:- 1) Price of related goods:- Change in price…

Q: Which of the following might lead to an increase in the equilibrium price of hot dogs and a decrease…

A: At Equilibrium Price, Quantity Demanded is equal to Quantity Supplied.  Option 1 is wrong. With the…

Q: Consider the market supply of donuts. Complete the following table by indicating whether an event…

A: Supply curve shows a positive relationship between price and quantity demanded. It slopes upward.

Q: Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in…

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied.

Q: The next four questions refer to the following supply and demand graphs: III IV XIXIXIX Da D. D, 33,…

A: Thank you for the question. As per BNED, we can answer 3 subparts per session. To get the answer for…

Q: Which of the following may lead to a rise in the equilibrium price of iPhones and a fall in the…

A: Goods can be divided into substitute goods, complementary goods or they can be unrelated. Two goods…

Q: Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in…

A: The equilibrium price is the price where quantity supplied and quantity demanded equal. This is the…

Q: If two goods are substitutes, a decline in the price of one will cause an increase in the demand for…

A: There are different types of goods based on their use, consumer preference & taste, and…

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.