Author Question: Which of the following shifts the demand curve for hot dogs leftward? A) an increase in the price ... (Read 88 times)

iveyjurea

  • Hero Member
  • *****
  • Posts: 555
Which of the following shifts the demand curve for hot dogs leftward?
 
  A) an increase in the price of a hot dog bun
  B) a decrease in the price of a hot dog bun
  C) an increase in the price of a hot dog
  D) an increase in the price of a hamburger

Question 2

The figure illustrates the demand for hamburgers. When the price is 1.00 a hamburger, the elasticity of demand is ________ and a 1 percent increase in the price will ________ the quantity of hamburgers demanded by ________ percent.
 
  A) 1.00; decrease; 0.40
  B) 0.40; decrease; 0.40
  C) 2.50; increase; 2.50
  D) 5.00; decrease; 5.00



Koolkid240

  • Sr. Member
  • ****
  • Posts: 357
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library