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Cards In This Set
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1.
Which of the following
will not cause an increase in the demand for pizza in the Tempe pizza
market?
A)
Consumers expect the
price of pizzas to increase in the future.
B)
The price of pizzas
falls.
C)
New studies indicate
that eating pizza reduces the chance of getting colon cancer.
D)
Consumers' incomes rise.
E)
The prices of other
Italian dinners rise.
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B)The price of pizzas falls.
**Own price will never change supply or demand |
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If beer and pizza are complementary goods in the
Tempe pizza market, then an increase in the price of beer, other things being
equal, will result in a _______ in the demand for ______.
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A decrease in the demand for pizzas
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What would happen in the Tempe pizza market if
pizza is an inferior good, and there is an increase in the income of the
households that consume pizza in the Tempe pizza market?
The price of pizza would ______, and the quantity
produced and exchanged would _____. or NA
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The price of pizza would
decrease, and the quantity produced and exchanged would decrease.
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What would happen in the
Tempe pizza market if pizza is an inferior good, and there is a decrease in
the income of the households that consume pizza in the Tempe pizza market?
The price of pizza would
______, and the quantity produced and exchanged would _____. Or NA
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The price of pizza would
decrease, and the quantity produced and exchanged would decrease.
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What would happen in the
Tempe pizza market if there occurred an increase in the input prices of the
resources used to produce pizza?
The price of pizzas
would _______, while the quantity produced and exchanged of pizzas would
_______ Or NA
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The price of pizzas
would increase, while the quantity produced and exchanged of pizzas would
decrease.
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What would happen in the
Tempe pizza market if pizza and sub sandwiches are substitutes, and there
occurred an increase in the input prices of the resources used to produce sub
sandwiches?
The price of pizzas
would _______, while the quantity produced and exchanged of pizzas would
______. Or NA
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The price of pizzas
would increase, while the quantity produced and exchanged of pizzas would
increase.
|
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What would happen in the
Tempe pizza market if pizza and sub sandwiches are substitutes, and there
occurred a decrease in the price of sub sandwiches?
The price of pizzas
would ______, while the quantity produced and exchanged of pizzas would
_______. Or NA
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The price of pizzas
would decrease, while the quantity produced and exchanged of pizzas would
decrease.
|
|
What would happen in the
Tempe pizza market if pizza and beer are complements, and there occurred a
decrease in the price of beer?
The price of pizzas
would _____, while the quantity produced and exchanged of pizzas would
_____. Or NA
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The price of pizzas
would increase, while the quantity produced and exchanged of pizzas would
increase.
|
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What would happen in the
Tempe pizza market if pizza and beer are complements, and there occurred an
increase in the price of inputs used to produce beer?
The price of pizzas
would ______, while the quantity produced and exchanged of pizzas would
______. Or NA
|
The price of pizzas
would decrease, while the quantity produced and exchanged of pizzas would
decrease.
|
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What would happen in the
Tempe pizza market if there occurred a technological advancement in the
production process for pizza, at the same time that there was an increase in
the input prices of the resources used to produce pizza?
The price of pizzas
would ______, while the quantity produced and exchanged of pizzas would
_____. Or NA
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NA
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What would happen in the Tempe pizza market if there occurred a technological advancement in the production process for pizza, at the same time that there was an decrease in the input prices of the resources used to produce pizza?
The price of pizzas
would ________, while the quantity produced and exchanged of pizzas would
_______. or NA
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The price of pizzas
would decrease, while the quantity produced and exchanged of pizzas would
increase.
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What would happen in the
Tempe pizza market if there occurred an increase in the price of inputs used
in the production process for pizza, while at the same time there occurred a
decrease in the price of beer?
Assume beer and pizza are complements.
The price of pizzas would _______, while the change in the quantity produced and exchanged of pizzas is ________. Or NA
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The price of pizzas
would increase, while the change in the quantity produced and exchanged of
pizzas is uncertain.
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What would happen in the
Tempe pizza market if there occurred a technological advancement in the
production process for pizza, while at the same time there occurred a
decrease in the price of beer?
Assume beer and pizza are complements.
The quantity produced
and exchanged of pizzas would _______, while the change in the price of
pizzas is ________.
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The quantity produced
and exchanged of pizzas would increase, while the change in the price of
pizzas is uncertain.
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If the price of CD (compact disk) players is suddenly cut in half due
to a technological innovation, what is likely to happen to the demand for
CDs?
what will happen to the demand curve?
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There will be a movement downward along the demand curve for CD
players.
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Which of the following will Not cause an increase in the demand for pizza in the Tempe pizza market?a) the price of pizzas fallsb) consumers incomes rise, and pizza is a normal goodc) consumers expect the price of pizza to increase in the futured) the prices of other Italian dinners rise
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a) the price of pizzas falls
**Own price will never change supply or demand |
