Part 2 1 point A The price of beer increases Solo cups Facto

Part 2 (1 point A The price of beer increases: Solo cups Factors That Shift Demand to the Left Decrease Demand Factors That Shift Dermand to the Right increase Demand B) Henry Ford Price develops assembly-line production: aut omobiles Quantity Quantity CNatural gas producers are making large economic losses: natural Factors That Shift Supply to the Left Decrease Supply Factons That Shill Supply to the Righ increase Suppy Price D Consumer incomes decrease: publi Quandity transportation

Solution

Ans)

Graph 1
option D
Consumer income decrease: public transportation
If the consumer income decreases then the demand for public transportation will decrease.
Graph 2
option A
The price of beer increases: Solo cups
If the price of beer increases then the demand for Solo cups which are complementary goods would decrease.
Graph 3
Option C
Natural gas producers are making large economic losses: natural gas
Since the producers are making economic losses they would shut down thereby decreasing the supply.
Graph 4
Option B
Henry Ford develops assembly-line production: automobiles
If Henry Ford develops assembly line production then it will be easier to produce thereby shifting the supply curve to the right.

 Part 2 (1 point A The price of beer increases: Solo cups Factors That Shift Demand to the Left Decrease Demand Factors That Shift Dermand to the Right increase

Get Help Now

Submit a Take Down Notice

Tutor
Tutor: Dr Jack
Most rated tutor on our site