If the price of seiko wristwatches increases

If the price of seiko wristwatches increases

Assignment Help Microeconomics

Reference no: EM13696836

If the price of Seiko wristwatches increases from $125 to $200 and as a result the number of Seiko wristwatches purchased decreases, then:

a. an increase in demand has occurred.

b. a rightward shift of the demand curve will result.

c. there has been a decrease in the quantity demanded.

d. none of the above.

Reference no: EM13696836

Questions Cloud

Importance of this theory for public theory : Arrow Impossibility theorem states that a social choice function satisfying certain basic properties does not generally exist. What is the importance of this theory for public theory?

The goal of the supplier of a product : The goal of the supplier of a product or service in a market economy is:

Including dates and any important historical events : Including dates and any important historical events

Between changes in quantity demanded and in demand : Economists make a distinction between changes in quantity demanded and in demand:

If the price of seiko wristwatches increases : If the price of Seiko wristwatches increases from $125 to $200 and as a result the number of Seiko wristwatches purchased decreases, then:

Most prices : Most prices are:

Quantity demanded is graphically represented : Quantity demanded is graphically represented by a ______, while demand is graphically represented by a _______.

Consumers make decisions based : Consumers make decisions based on:

Role and functions of law paper : Role and Functions of Law Paper

Reviews

Write a Review

Required(*) Message

Microeconomics Questions & Answers

Typically lends any excess reserves immediately

The Federal Reserve purchases $10 million in U.S Treasury bonds from a bond dealer, and the dealer’s bank credits the dealers account. The needed reserve ratio is 16 percent, and the bank typically lends any excess reserves immediately. Assuming that..

Problem 1 perfect competition consider an industry in which

problem 1. perfect competition consider an industry in which there are 10 identical firms and 1000 identical consumers.

Describe modern economic growth

Describe "modern economic growth" and describe the institutional structures needed for an economy to experience it. Identify the general demand, supply, and efficiency forces that give rise to economic growth.

What price and output do they set what is the output level

three oligopolists a b and c produce an identical product q. q is produced under conditions of constant costs that is

Cnsider the consumer with utility function given by ux1

consider a consumer with utility function given by ux1 x2 x1 x2 .i find the demands for goods 1 and 2 when the

Compute opportunity cost for jackets and jeans in both

two countries country x and country ycountry x can produce either 500 jackets or 250 pairs of jeanscountry y can

How does this innovation also help in demand management

Discuss how the "tale of two auto plants" in the opening article shows how the choices facing a firm marking a long-run decision on plant location are much greater than those for a firm with a plant already in operation.

What is total u.s. government revenue

What is total U.S. government revenue from the tariff and if trade opens up, what will be the quantity of U.S. imports?

Why would firm stay in business if making zero profit

The long-run equilibrium for a perfectly competitive industry occurs when the firms are earning economic profits of zero. Why would firm stay in business if it is making zero economic profits

Open-market to maintain its existing fed funds target rate

Suppose households and small firms withdrew funds from banks in response to rumours circulating that a computer virus would destroy banks customer account databases. What action would the Fed have to take in the open-market to maintain its existing f..

Ethical issues that impact the company''s decisions

Ethical issues that impact the company's decisions.

How did economy that existed at time of the theories

explain the viewpoints of classical and keynesian economists. how did the economy that existed at the time of these

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd