Identify whether demand or supply is increasing or decreasing for the relevant product. In each case,...
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Identify whether demand or supply is increasing or decreasing for the relevant product. In each case, identify the demand or supply factor causing the change from the lists below. In which direction does the demand or supply curve shift? Demand Factors number of buyers income price of another product consumer preferences consumer expectations Supply Factors number of producers resource price state of technology change in nature price of related product producer expectations a. A drop in the price of tablet computers influences the consumption of laptop computers. In the market for laptop computers there is a(n) [decrease The factor that causes this change is: [state of technology in demand The supply curve shifts to the right b. Unusually cold weather in Central America harms the coffee harvest. In the market for coffee there is a(n) [(Click to select) in (Click to select) The factor that causes this change is: [(Click to select) The (Click to select) curve shifts to the (Click to select) ✔ c. A widespread expectation by consumers of lower future incomes affects current sales of flat-screen TVs. In the market for flat-screen TVs there is a(n) (Click to select) in (Click to select) The factor that causes this change is: [(Click to select) d. An increase in the price of pesticides affects the market for rice. The [(Click to select) curve shifts to the [(Click to select) In the market for rice there is a(n) [increase in (Click to select) The factor that causes this change is: resource price The supply curve shifts to the left Identify whether demand or supply is increasing or decreasing for the relevant product. In each case, identify the demand or supply factor causing the change from the lists below. In which direction does the demand or supply curve shift? Demand Factors number of buyers income price of another product consumer preferences consumer expectations Supply Factors number of producers resource price state of technology change in nature price of related product producer expectations a. A drop in the price of tablet computers influences the consumption of laptop computers. In the market for laptop computers there is a(n) [decrease The factor that causes this change is: [state of technology in demand The supply curve shifts to the right b. Unusually cold weather in Central America harms the coffee harvest. In the market for coffee there is a(n) [(Click to select) in (Click to select) The factor that causes this change is: [(Click to select) The (Click to select) curve shifts to the (Click to select) ✔ c. A widespread expectation by consumers of lower future incomes affects current sales of flat-screen TVs. In the market for flat-screen TVs there is a(n) (Click to select) in (Click to select) The factor that causes this change is: [(Click to select) d. An increase in the price of pesticides affects the market for rice. The [(Click to select) curve shifts to the [(Click to select) In the market for rice there is a(n) [increase in (Click to select) The factor that causes this change is: resource price The supply curve shifts to the left
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b Unusually cold weather in Central America harms the coffee harvest In the market for coffee th... View the full answer
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date:
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