Order the answer to: d. Demand for cigars and supply of cigars both increase 6. Which of the following would shift the de

Academic Help economy Order the answer to: d. Demand for cigars and supply of cigars both increase 6. Which of the following would shift the de

economy

Order the answer to: d. Demand for cigars and supply of cigars both increase 6. Which of the following would shift the de

Question d. Demand for cigars and supply of cigars both increase 6. Which of the following would shift the demand curve for gasoline to the right? a. a decrease in the price of gasoline by an increase in consumer income, assuming gasoline is a normal good c. an increase in the price of cars, a complement for gasoline d. a decrease in the expected future price of gasoline 7. Which of the following might cause the supply curve for an inferior good to shift to the right? 2. an increase in input prices b. a decrease in consumer income c. an improvement in production technology that makes production of the good more profitable d. a decrease in the number of sellers in the market 8. When consumers face rising gasoline prices, they typically reduce their quantity demanded more in the long run than in the short run b. reduce their quantity demanded more in the short run than in the long run. c. do not reduce their quantity demanded in the short run or the long run. d. increase their quantity demanded in the short run but reduce their quantity demanded in the long run. 9. Demand is said to be inelastic if @buyers respond substantially to changes in the price of the good. b. demand shifts only slightly when the price of the good changes. c. the quantity demanded changes only slightly when the price of the good changes d. the price of the good responds only slightly to changes in demand. TO. Which of the following is likely to have the most price inelastic demand? a, yoga mats b. prescription medicine c. protein powder d. gym memberships
Subject economy
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