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Author Question: Consider the demand function Qd = 150 - 2P. The effects of other determinants of Qd is reflected in ... (Read 42 times)

plus1

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on: Jul 1, 2018
Consider the demand function Qd = 150 - 2P. The effects of other determinants of Qd is reflected in
 
  A) the intercept of the function.
  B) the slope of the function.
  C) neither the slope nor the intercept of the function.
  D) in both the slope and the intercept of the function.

Question 2

Assuming plasma TVs are a normal good, an increase in consumer incomes will lead to
 
  A) a rightward shift of the demand curve for plasma TVs.
  B) a movement upward along the demand curve for plasma TVs.
  C) a rightward shift of the supply curve for plasma TVs.
  D) no change of the demand curve for plasma TVs.
Microeconomics ¦ Perloff ¦ 8th Edition
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Jody Vaughn

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

A


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