Which of the following will cause other things being equal a movement along the supply curve for Hdtvs?

Which of the following will cause other things being equal a movement along the supply curve for Hdtvs?

Which of the following will cause, other things being equal, a movement along the supply curve for HD televisions? A reduction in the price of HD televisions.

Which of the following best represents the effects of an increase in the price of coffee?

Which of the following best represents the effects of an increase in the price of coffee, other things being equal? An upward movement along the demand curve for coffee.

Which of the following best represents the effects of a decrease in the price of tomato juice other things being equal?

Which of the following best represents the effects of a decrease in the price of tomato juice, other things being equal? A downward movement along the demand curve for tomato juice.

Which of the following would cause a shift in the demand curve for a good?

Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.

Which one of the above diagrams best illustrates the effect of an increase in crude oil prices on the market for gasoline?

Which one of the above diagrams best illustrates the effect of an increase in crude oil prices on the market for gasoline? An increase in crude oil prices reduces the quantity of gasoline supplied at each price of gasoline. That is, it reduces the supply of gasoline, as shown in panel D. Refer to the above data.

When higher prices result in higher quantity supplied Economists call this relationship?

Economists call this positive relationship between price and quantity supplied—that a higher price leads to a higher quantity supplied and a lower price leads to a lower quantity supplied—the law of supply. The law of supply assumes that all other variables that affect supply are held constant.

How would a decrease in consumer income affect the market for new automobiles?

If demand price elasticity is 2, consumers would: How would a decrease in consumer income affect the market for new automobiles, a normal good? a) Demand would increase, leading to a reduction in price and an increase in quantity sold.

Which of the following will cause a decrease in the demand for peanut butter?

Once the prices of jelly increase, the demand for peanut butter will decrease.