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Question: question 1 10 points saved other things remain unchanged the...

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Question 1 (10 points) Saved Other things remain unchanged, the market demand curve for a particular expected to shift leftwards when the price of that product declines. . True False Question 2 (10 points) Saved Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? The costs of producing a single Blue-ray player increases. The number of firms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future. Non of the above factors causes the market supply curve of Blue-ray players to shift leftwards. Question 3 (10 points) Saved When other things remain unchanged, what can be expected if Blue-ray movies become significantly cheaper? Consumers will demand more Blue-ray movies. Consumers will demand more Blue-ray players.
Question 3 (10 points) Saved When other things remain unchanged, what can be expected if Blue-ray movies become significantly cheaper? Consumers will demand more Blue-ray movies. Consumers will demand more Blue-ray players. Consumers will demand less DVD players (where Blue-ray players and DVD players are considered substitutes). All of the above are expected to occur when Blue-ray movies become significantly cheaper Question 4 (10 points) Saved Which of the following events is expected to cause the equilibrium quantity to rise? demand increases and supply decreases demand and supply both decrease demand decreases and supply increases demand and supply both increase
Question 5 (10 points) Saved Knowing that coffee and tea are substitutes, suppose that the demand for coffee increases and, at the same time, the supply of the coffee decreases. What would surely happen in the tea market? The Demand for tea will go up because the price of coffee went up. The price of tea will go down because the price of coffee went up. The supply of tea will go down because the price of coffee went up. Not enough data exist to conclude what exactly will happen in the tea market. Question 6 (10 points) Saved Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium quantity would be ambiguous. Equilibrium price would increase, but the impact on the equilibrium quantity would be ambiguous. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.
Question 7 (10 points) Saved Other things remain unchanged, the demand for normal products is expected to increase when buyers incomes go up. e True False Question 8 (10 points) Saved other things remain equal, buyers are expected to stock up from the normal product that they expect its market price to decline significantly in the soon future True False Question 9 (10 points) Saved Other things being equal, a shortage from soda is expected if both buyers and sellers believed the forecast that predicted a significant decline in the market price of soda. True False Question 10 (10 points) Saved Knowing that peanut butter and jelly are complementary goods, what can be expected if the price of peanut butter goes up (other things being equal)? Buyers of peanut butter and jelly will move downward and to the right along the the market demand curve for peanut butter. Buyers of peanut butter and jelly will shift their demand for jelly to the left. Market price of jelly will fall. All of the above are expected to occur.
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