Details of this Paper

How would an increase in the price of hot dogs affect the market for hot dog buns?

Description

solution


Question

1. How would an increase in the price of hot dogs affect the market for hot dog buns?;a) The demand would increase and the price would rise;b) The supply would decrease and the price would rise;c) The supply would increase and the price would fall;d) The demand would decrease and the price would fall;e) Both the demand and the supply would decrease and the price would;fall;2. We would know for sure that the price of apples would decrease and the quantity consumed would increase if;a) The supply of apples increased;b) The supply of apples decreased;c) Both the demand and supply of apples increased;d) Both the demand and supply of apples decreased;e) The supply increased and the demand decreased for apples;3. If the market price of milk was below the equilibrium price then;a) The quantity demanded would exceed the quantity supplied and we would have a shortage;b) The quantity demanded would exceed the quantity supplied and we would have a surplus.;c) The quantity supplied would exceed the quantity demanded and we would have a shortage;d) The quantity supplied would exceed the quantity demanded and we would have a surplus;e) The quantity supplied would equal the quantity demanded

 

Paper#22925 | Written in 18-Jul-2015

Price : $22
SiteLock