D Question 13 0 pts BONUS If migration patterns shift decrea

D Question 13 0 pts BONUS: If migration patterns shift, decreasing the number of people living in Sacramento, consumers\' demand for restaurant meals in Sacramento would likely decrease due to a change in tastes (consumers have a stronger preference for restaurant meals) a change in expectations (consumers expect menu prices to increase in the future) a change in the number of buyers (there are now fewer consumers of restaurant meals in general) none of the above o o o o D Question 14 1 pts After a small increase in demand and a large increase in supply. equilibrium price o will decrease and equilibrium quantity will increase o will increase and equilibrium quantity will increase o will increase and equilibrium quantity will decrease o will decrease and equilibrium quantity will decrease

Solution

a) \"A change in the number of buyers (there are now fewer buyers of the restaurant meal in general)\" the migration has decreased the number of people in the market and hence demand.

b) With an increased supply the quantity will increase and the price will fall. There will be a glut in the market. The answer is \"Will decrease and equilibrium quantity will increase\".