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

Author Question: When economists say the demand for a product has increased, they mean the: a. demand curve has ... (Read 92 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jun 30, 2018
When economists say the demand for a product has increased, they mean the:
 a. demand curve has shifted to the right.
  b. price of the product has fallen, and consequently, consumers are buying more of it.
  c. cost of producing the product has risen.
  d. amount of the product that consumers are willing to purchase at various prices has decreased.

Question 2

Other things being equal, the effects of a decrease in the price of orange juice, is represented by which of the following?
 a. A rightward shift in the demand curve for orange juice.
  b. An increase in the quantity demanded for orange juice.
  c. A leftward shift in the demand curve for orange juice.
  d. A decrease in the quantity demanded orange juice.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

princessflame2016

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Major features of Homo erectus include increased brain size, an angular vault, and cranial superstru Major features of Homo erectus include increased brain size, an angular vault, and cranial superstru
Frequency distribution curve: interpatient variability in drug response. Frequency distribution curve: interpatient variability in drug response.
Association of Different HLA Alleles and Increased Susceptibility to Autoimmune Diseases Association of Different HLA Alleles and Increased Susceptibility to Autoimmune Diseases
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
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
GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering GloFish, marketed as the world’s first GM pet, are a controversial product of genetic engineering
Video: Hierarchical Sequencing Method - Sequence Tagged Sites

For a complete list of videos, visit our video library