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Author Question: A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an ... (Read 45 times)

gbarreiro

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on: Jun 29, 2018
A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in
 
  A) a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price.
  B) a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease.
  C) an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease.
  D) a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity.

Question 2

An example of a factor of production for Dell is
 
  A) the computers exported by Dell. B) a worker hired by Dell.
  C) corporate bonds sold by Dell. D) stock issued by Dell.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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amandanbreshears

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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