Ask a question
Perfect competition
admin
When the price of x1 is $8 and the price of x2 is $5, Jenny consumes 20 units of x1 and 10 units of x2. Suppose that when the price of x2 increases to $7, Jenny consumes 25 units of x1. a) What type of goods are x1 and x2? b) How many units of x2 does Jen
To answer Answers (1)
Perfect competition
admin
The price of a call made from a landline phone increases. Explain the effect of this event on the market equilibrium for cell phones. Use a graph to illustrate the effect.
To answer Answers (2)
Business
admin
Dell Computer Corp., the world’s largest personal-computer maker, is keenly aware of everything its rival PC manufacturers decide to do. Explain why Dell usually reacts more quickly and more substanti
To answer Answers (0)
Business
admin
If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are: a. complements b. substitutes c. unrelated goods
To answer Answers (1)
Business
admin
Suppose the price of a substitute for LCD televisions falls. What effect will this have on the market equilibrium for LCD TVs?
To answer Answers (1)
Perfect competition
admin
You own two different energy drink brands: Blue Cow and 600-minute energy. If you reduce the price on Blue Cow, sales of 600-minute energy would: a. Increase b. Decrease c. Not change d. None of the above.
To answer Answers (1)
Business
admin
Are cloth diapers and wet wipes complements, substitutes, or neither? Explain.
To answer Answers (0)
Business
admin
Consumers regard Dell computers and Gateway computers as substitutes. If the price of a Dell computer decreases: a. the demand for Dell computers will increase. b. the demand for Gateway computers wi
To answer Answers (0)
Business
admin
If gasoline and heating oil are substitutes in production for an oil refiner, what happens in the market for heating oil when the price of gasoline decreases? a. The quantity supplied of heating oil decreases. b. The supply of heating oil increases. c. Th
To answer Answers (1)
Business
admin
Consider the markets for film streaming services, TV screens, and tickets at movie theaters. a. For each pair, identify whether they are complements or substitutes: – Film streaming and TV screens – Film streaming and movie tickets – TV screens
To answer Answers (0)
Business
admin
In this example, composite wood furniture would be an example of a(n) A) substitute. B) rival. C) new entrant. D) complementor.
To answer Answers (1)
Business
admin
Snack food venders and beer distributors earn some monopoly profit in their local markets but see them slowly erode from various new substitutes. When California voted on legalizing marijuana, which side would you think that California beer distributors w
To answer Answers (1)
Business
admin
Multiple Choice; Choose the one that BEST completes the statement or answers the question. 1. The law of demand implies that, other things remaining the same. A) as the price of a cheeseburger r
To answer Answers (1)
Business
admin
Consider the market for chicken. An increase in price of beef will a. decrease the demand for chicken, resulting in a lower price and a smaller amount of chicken purchased in the market. b. decrease the supply of chicken, resulting in a higher price and
To answer Answers (0)
Business
admin
A viable substitute for Coke and Pepsi’s industry would be [{Blank}] . A) wine B) water C) Pepsi D) 7-Up
To answer Answers (0)
Business
admin
Assume Big-Cat and Fat-Cat are rival cat food brands and the price of Fat-Cat is reduced. Following this price drop, is there a shortage or a surplus of Big-Cat at the old price of Big-Cat? a. Shortage b. Surplus c. Neither because equilibrium exists
To answer Answers (0)
Business
admin
Suppose the price of cocoa beans increases. How will this affect the market for hot chocolate? Use supply and demand curves to illustrate the impact on the equilibrium price and quantity.
To answer Answers (1)
Business
admin
Pepsi and Coke are considered substitute goods. Because of this, one would predict that, holding all else constant, if the price of Pepsi increases, we would see: a. the demand curve for Pepsi shift to the right. b. the demand curve for Coke shift to th
To answer Answers (1)
Business
admin
If coffee is a substitute for tea, and the price of coffee rises, what will happen? A. Demand for tea will decrease. B. Demand for tea will increase. C. The quantity demanded of coffee will rise. D. The quantity demanded of tea will decrease.
To answer Answers (1)
Business
admin
The X-corporation produces a good (called X) that is normal good. It’s competitor Y-corporation makes a substitute good that it markets under the name Y. Good Y is an inferior good. i. How will the demand for good X change if consumer incomes decrease? a)
To answer Answers (1)
Главная › Business › Perfect competition
Authorization
*
*

Entry Lost your Password ?
Password generation
Get New Password