Question

A decrease in the price of bikes would lead to: Group of answer choices a decrease...

A decrease in the price of bikes would lead to:

Group of answer choices

a decrease in the equilibrium price and equilibrium quantity sold of bike helmets

an increase in the equilibrium price and equilibrium quantity sold of bike helmets

an increase in the equilibrium price and a decrease in the equilibrium quantity sold of bike helmets

a decrease in the equilibrium price and an increase in the equilibrium quantity sold of bike helmets

Homework Answers

Answer #1

OPTION B

if you have any doubt ask in comment i will reply asap.

If you like the answer give thumbs up.

Thank you ?

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The equilibrium price is the price Group of answer choices from which there is always a...
The equilibrium price is the price Group of answer choices from which there is always a tendency to move away. at which quantity supplied equals quantity demanded. suppliers agree to charge. where there are surpluses and shortages. Flag this Question Question 8 3 pts Suppose the football team at your university wins 10 games in a row. The following will be a possible outcome of this event in the market for football tickets: Group of answer choices The equilibrium price...
A price floor set below the equilibrium price results in Group of answer choices A. a...
A price floor set below the equilibrium price results in Group of answer choices A. a surplus. B. no change in either the equilibrium price or the equilibrium quantity. C. a shortage. D. an increase in the quantity bought and sold.
17. If buyers expect higher gasoline prices in the future, Group of answer choices demand for...
17. If buyers expect higher gasoline prices in the future, Group of answer choices demand for gasoline will decrease today. demand for gasoline will increase today. demand remains unaffected by prices today. the Mets suck. 18. If oil sellers expect higher prices in the future, Group of answer choices Equilibrium price will decrease and equilibrium quantity will increase today. Equilibrium price will increase and equilibrium quantity will decrease today. both equilibrium quantity and equilibrium price will fall. both equilibrium price...
15. If price increases above the equilibrium, Group of answer choices a surplus will develop. a...
15. If price increases above the equilibrium, Group of answer choices a surplus will develop. a shortage will develop. supply will shift. demand will decrease. 16. If a surplus develops in a market, Group of answer choices price will fall to equilibrium. price will increase to equilibrium supply will shift. The Yankees suck but how about dem Giants.
Which of the following would decrease the NPV of a project? Group of answer choices A...
Which of the following would decrease the NPV of a project? Group of answer choices A decrease in net working capital requirements. An increase in the required return on the project. A shift from straight depreciation to accelerated depreciation. None of the above.
In general, what is a price ceiling? Group of answer choices A price ceiling sets the...
In general, what is a price ceiling? Group of answer choices A price ceiling sets the maximum price at which a good can be legally sold. A price ceiling sets the minimum price at which a good can be legally sold. A price ceiling comes in the form of a minimum wage none of the above Flag this Question Question 21 pts In general, what is a price floor? Group of answer choices A price floor sets the maximum price...
Please answer with clear explainations. 1. Suppose Steve consumes p bikes and e-bikes. The price increases...
Please answer with clear explainations. 1. Suppose Steve consumes p bikes and e-bikes. The price increases for p bikes and Steve continues to purchase the same quantity as before the price increase. Illustrate graphically the price-consumption curve and p bike demand curve on two separate graphs given this information. Discuss the directions and magnitudes of the income and substitution effects. Are p bikes normal or inferior for Steve? Explain.
(1) ​Automatic stabilizers lead to: Group of answer choices ​a decrease in taxes collected by the...
(1) ​Automatic stabilizers lead to: Group of answer choices ​a decrease in taxes collected by the government during an economic expansion. ​an increase in unemployment compensation during a recession. ​Congressional action on changing the tax codes. ​none of the above (2) If disposable income rises from $15,000 to $20,000 and the marginal propensity to consume equals 0.8, then saving must increase by: Group of answer choices $400 $500 $1,000 $2,000 $4,000 (3) Consider an island country called Chabotant. Suppose that...
11. While an increase in the price of a substitute causes the _______ curve to shift...
11. While an increase in the price of a substitute causes the _______ curve to shift _______ an increase in the price of a substitute in production causes the _______ curve to shift _______. Group of answer choices demand, right, supply, left demand left, supply, right demand, left, supply, left demand, right, supply, right 12. The general rule in marginal analysis is that an activity should continue as long as the marginal benefit is at least as large as the...
Which of the following will lower the breakeven point? Group of answer choices a decrease in...
Which of the following will lower the breakeven point? Group of answer choices a decrease in the sales price per unit an increase in total fixed costs an increase in the variable cost per unit an increase in the sales price per unit
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT