This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is least likely to increase the demand for new tires? a. a decrease in the ... (Read 36 times)

ss2343

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
Which of the following is least likely to increase the demand for new tires?
 a. a decrease in the price of tires
  b. a decrease in the price of cars
  c. an increase in consumer income
  d. an increase in the number of miles people drive per year

Question 2

When economists say the quantity demanded of a product has increased, they mean the:
 a. demand curve has shifted to the left.
  b. demand curve has shifted to the right.
  c. price of the product has fallen, and consequently, consumers are buying more of it.
  d. price of the product has risen, and consequently, consumers are buying less of it.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amanda_14

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


ss2343

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Excellent

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Greenhouse gases increase in the stratosphere Greenhouse gases increase in the stratosphere
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
How an Increase in Income Inequality Affects the Desired Tax Rate How an Increase in Income Inequality Affects the Desired Tax Rate
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library