I Homework: HW #2 Question 1, E00 2.1.3 Suppose that banks increase the amount of information they require from potential horrowe How would this change affect the demand curve for automobiles? O A. This will cause a rightward movement on the demand curve. 0 B. This will cause a leftward shift in the demand curve. 0 C. This will cause a rightward shift in the demand curve. 0 D. This will cause a leftward movement on the demand curve. Homework: HW #2 O Which of the following goods are complements? O A. Baseball gloves and baseball bats O B. Leather purses and tickets to NHL hockey games O C. Soda and energy drinks O D. Artificial flowers and natural flowers: Homework: mm #2 Question 3, cc 2.1m \"\"5\"\": 0%: U ' 0 Points: 0 of'i The Ian.r of demand refers to the relationship between and the quantity demanded of the good or service. 0 A. the price of a good or service O B. the substitution and income effects 0 C. consumers' incomes O D. the quantity supplied of the good _ Homework: HW #2 Question 5, CC 2.1 .32 A movement upward along the demand cunre for tangerines is the result of O A. an increase in the price of tangerines O B. an increase in the price of oranges, another type of citrus fruit O C. an increase in consumers' willingness to buy:r tangerines O D. a decrease in consumers' incomes I Homework: HW #2 Question if, (:0 2.2.A.1 According to the law of supply, a rise in the price of a product 0 A. increases the number of rms producing the product. 0 B. decreases the quantity.r supplied because demanders will decrease the quantity they.r demand. 0 C. increases the quantity:r supplied. 0 D. lowers the cost of producing the product. Homework: mm #2 Question 8, cc 2.2.0.2 > WS':%'f2pi\"ts 0 Points: 0 OH The factthat processing a chicken produces both chicken breasts and chicken wings means that O A. the price of a chicken breast is a cost of producing chicken wings. O B. chicken breasts and chicken wings are complements in production. 0 C. an increase in the cost of chicken feed will affect the suppl)r of either chicken breasts or chicken wings. but not both. O D. chicken breasts and chicken wings are substitutes in production. E Homework: HW #2 Question 10, EOC 2.3.3 HW Score: 0%, 0 of 20 points Part 1 of 2 O Points: 0 of 1 The figure on the right shows a hypothetical market for NFL-caliber punters. Market for NFL-caliber punters The NFL will hire punters. $5.5- $5 S $4.5- $4+ Salary ($ million per punter) $3.5- $3- $2.5- D $2+ 20 22 24 26 28 30 32 34 36 38 40 Number of puntersHW Score: 0%, U of 20 points 833 _ Homework: HW #2 Question 9, CC 2.2.E.2 0 Points: 0 0H An increase in the shifts the supply curve of raisins to the left. 0 A. number of raisin producers O B. price of grapes, an input used to produce raisins, O C. technology used to produce raisins O D. price of raisins ) HWScore: 0%, U of . Part 1 of2 0 Points: 0 of '1 Homework' HW #2 ( Question 11, E00 2.3.4 The demand function for a product is: 0021,0001010, and its supply function is: 05 = 100 + 5P. The equilibrium price of the good is equal to D The equilibrium quantity of the good is equal to D. : Homework: Hill: #2 Question 15, (:0 2.5.0.1 \"WSW\": 0%\" D \"f 2\" mints 0 Points: 0 OH If both the supply and demand increase, then the equilibrium price and the equilibrium quantity . O A. might rise, fall, or not change; decreases O B. falls; might increase, decrease, or notchange O C. might rise, fall, or not change; increases 0 D. rises; might increase, decrease, or not change : Homework: mu #2 Question 17,00 2.6.A.1 W5\"':%'f2pi"ts {