3. The price of sugar is expected to increase a. The current demand for sugar will increase b. The current demand for sugar will decrease c. The current demand for sugar will increase d. The current demand for sugar will decrease

3. The price of sugar is expected to increase a. The current demand for sugar will increase b. The current demand for sugar will decrease c. The current demand for sugar will increase d. The current demand for sugar will decrease

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 5PA

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Question

Please answer 3 to 5 only

A. Choose and circle the correct effect of the following.
1. The price of fish increased
a. The demand for fish will decrease
b. Demand for meat will increase
c. The amount of fish demand will increase
d. The amount of demand for fon will decrease
2. The DVD player is ways in Tashion
a. Demand for
players will increase
b. Demand for CD players will decrease
C
nd for DVD players will decrease
d. The quantity demand for the DVD player will increase
3. The price of sugar is expected to increase
a. The current demand for sugar will increase
b. The current demand for sugar will decrease
c. The current demand for sugar will increase
d. The current demand for sugar will decrease
4. the income of consumers will increase
a. Demand for meat will increase
b. The demand for meat will decrease
c. Demand for cheaper products will decrease
d. Demand for cheaper products will increase
5. computer prices will increase
a. Computer demand will increase
b. Diskette demand will decrease
c. Diskette demand will increase
d. Demand for computers will decrease

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