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Short answer questions. 15. The price of flour has increased recently due to an increase in the number of people baking at home. Is this

Short answer questions.

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15. The price of flour has increased recently due to an increase in the number of people baking at home. Is this a shift in the supply curve or a movement along the supply curve? 16. Mabel's utility function for burgers (B) and tacos (T) is U = =B /2T. Each month Mabel consumes 12 tacos and 2 burgers. How many tacos would she give up to consume one more burger? 17. Assume income elasticity of demand for frozen, oven-ready pizza is 8? = - -. If the quantity demanded goes up by 3%, what has happened to income, Y

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