Which of the following is NOT a determinant of demand? a. Consumers' incomes b. Expected changes in prices in the future c. Production technology d. Consumers' tastes and preferences
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- 7.If pizza is a normal good, then which of the following could be the value of incomeelasticity of demand?Use the midpoint method of calculating percentage changes in this question. Heidi used to bake and sell 3 custom cakes each week when the price of cake was $35. Now that the price has increased to $45, she bakes and sells 5 cakes. What was the 'percentage change' in quantity supplied of cakes for Heidi? %. Is this 'percentage change' positive or negative? What was the 'percentage change' in price of cakes? %. Is this 'percentage change' positive or negative? What was Heidi's price elasticity of supply? (round to 2 decimal places] Is this considered 'elastic', 'inelastic', or 'unit elastic'?A Consumer buy 40 units of a good at a price 3 dollars per unit. When price rises to $4 per unit, he buys 30 units. Calculate ed by expenditure method.
- A change in which of the following will NOT shift thedemand curve for hamburgers?a. the price of hot dogsb. the price of hamburgersc. the price of hamburger bunsd. the income of hamburger consumersO A. Change in Technology O B. change in the price of goods nge in the Tnui QUESTION 10 Which of the following is a positive statement? O A.A humidity level of 90% is too high O B. It is too hot to run outside when the temperature exceeds 80 degrees OC. The temperature is 92 O D. Summer evenings are nice when it degrees today cools off to around 70 degrees Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Cloexplain in detail with the help of graph ? Does the sales tax affect the consumers with price increase ?
- K A budget line is a line that describes limits to consumption possibilities and that depends on a consumer's OA. demand; prices B. demand; supply C. budget; costs D. budget; prices and of goods and services.Rice is considered to be the staple food in the Philippines, so that when its price escalates, spending of the consumer will Select one: a. Decrease b. increase c. decrease rapidly d. increase rapidlyWhat type of relationship would you expect between thefollowing?a. Sales of hot dogs and sales of hot dog bunsb. The price of winter coats and sales of winter coatsc. The price of personal computers and the production ofpersonal computersd. Sales of toothbrushes and sales of cat foode. The number of children in a family and the number oftoys in a family2. Represent the following data in bar graph form.