Change in which of the following would not quickly cause a shift in demand? a) number of

Question:

Change in which of the following would not quickly cause a shift in demand?

a) number of buyers

b) tastes

c) buyers’ perception of quality of product

d) income

e) price

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

See More Books

Question Posted: Feb 29, 2024 07:01 AM

See More Questions

A change in which of the following would cause the LM curve to shift? To rotate? To both shift and rotate? Which do not affect the position or slope of the LM curve? (a) Nominal money supply (Ms) (b)...
Write a program that lets the user perform arithmetic operations on fractions. Fractions are of the form a/b, in which a and b are integers and b != 0. Your program must be menu driven, allowing the...
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
Complete the following table of basic calculations. For Percent Contribution Margin, use (P-MC)/P. Round to table standard. Price 18 17 16 15 14 13 j Quantity Demanded 600 a 800 900 1000 1100 1200...
Madison Company reported the following information: ________________________ 12/31/2019 __________ 12/31/2018 Notes payable .................. $ 95,000 ..................... $75,000 Common stock...
The famous Y. S. Chang Restaurant is open 24 hours a day. Waiters and busboys report for duty at 3 A.M., 7 A.M., 11 A.M., 3 P.M., 7 P.M., or 11 P.M., and each works an 8-hour shift. The following...
10. For stocks 1 and 2, S1 = $40, S2 = $100, and the return correlation is 0.45. Let r = 0.08, 1= 0.30, 2 = 0.50, and 1= 2 = 0. Generate 1000 1-month prices for the two stocks. For each stock,...
Dana Baird was manager of a new Medical Supplies Division. She had just finished her second year and had been visiting with the companys vice president of operations. In the first year, the operating...
CMO securities have no more than three classes of shares. True or False
A shift in the supply curve for gasoline in the United States would result if ______. a) people decided to travel more by automobile b) the OPEC nations decided to stop sales of crude oil to the...
Goods for which demand is directly (positively) related to income are called ______. a) substitute goods b) complementary goods c) inferior goods d) normal goods
Prepare the December 31 adjusting entries for the following transactions. Omit explanations. 1. Fees accrued but unbilled total $6,300. 2. The supplies account balance on December 31 is $4,750. 3....
Caching. CPUs. Hard disk drives. Parallelism. Pipelining. RAM. Registers. Solid-state drives. Dinkleberg 1. (3 points) You know that neighbor who always one-ups you? Apparently, he just bought a...
Information for Question 1 and 2: The National Health Interview Survey is an annual national health survey of people living in about 35,000 randomly selected households in the United States. On the...
Q1. There is trampoline on the ground, and connected to spring of spring constant, k, on the bottom. You are holding a child of mass, M on a H tall building top (H is measured from the trampoline to...
SPSS for intermediate statistics extra problems solutions d. Approximately how much variance in consumers' tendency to purchase the product could be predicted from these variables? If you owned the...
A finance company uses the discount method of calculating interest. The loan principal is $5,000, the interest rate is 10%, and repayment is expected in two years. You will receive 4196.25 X from the...
(When you first read about the summer school issue in Chapter 22, you did not have an inference method that would work. Try again now.) Having done poorly on their Math final exams in June, six...
Describe the general ways that the revised Form 990, applicable for tax year 2008 and beyond, is different from previous versions.
The all-American baseball is made using cork from Portugal, rubber from Malaysia, yarn from Australia, and leather from France, and it is stitched (108 stitches exactly) by workers in Costa Rica. To...
Californias State Board of Equalization imposed a higher tax on alcopops, flavored beers containing more than 0.5% alcohol-based flavorings, such as vanilla extract (Guy L. Smith, On Regulation of...
In figure, show that there are wage rates and capital rental costs such that the firm is indifferent between using the wafer-handling stepper technology and the stepper technology. How does this...
En prenant un exemple de votre choix, montrer comment on value un swap de taux de change.
How much would you need to invest today in order to receive: a. $10,000 in 5 years at 11%? b. $11,000 in 12 years at 8%? c. $12,000 each year for 10 years at 8%? d. $12,000 at the beginning of each...
A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life...

Change in which of the following would not quickly cause a shift in demand? a) number of

Question:

Step by Step Answer:

The correct answer is e price A change in the price o...View the full answer

Microeconomics

Students also viewed these Business questions