What effect will decrease in the price of inject printers have demand on the inject cartridges?

 

1. Refer to Figure 4.17. At a price of

a. $2, there is a shortage of 6 units

b. $5, there is a surplus of 25 units

c. $5, there is a shortage of $25

d. $7, there is a shortage of 4 units  

2. Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n)

a. decrease in the demand for printers and a decrease in the quantity supplied of printers

b. decrease in the supply of printers and a decrease in the quantity demanded of printers

c. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers

d. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers

3. Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts?

a. an increase in the price of wool shirts and a decrease in the price of raw cotton

b. a decrease in the price of wool shirts and a decrease in the price of raw cotton

c. an increase in the price of wool shirts and an increase in the price of raw cotton

d. a decrease in the price of wool shirts and an increase in the price of raw cotton

a. What effect will each of the following have on the DEMAND for coffee (i.e. Increase Demand, Decrease Demand, or NO CHANGE)?

i. There is an increase in the price of coffee.

ii. There is an increase in the price of tea, which consumers view as a substitute for coffee.

iii. There is an increase in consumer incomes, assuming coffee is a normal good.

iv. There is a decrease in the number of consumers who buy coffee.

B. a. What effect will each of the following have on the SUPPLY of soybeans? (i.e. Increase Supply, Decrease Supply, or NO CHANGE)?

i. There is an increase in the amount of subsidies given to soybean producers.

ii. There is a decrease in the price of fertilizer, an input needed to produce soybeans.

iii. There is an increase in the price of corn, an alternative good that soybean producers could produce instead of soybeans (i.e. assume corn is a substitute in production for soybeans).

iv. Soybean producers expect the price of soybeans to substantially fall in the future.

Please also give me explanations as to why.

1. If both demand decreases and supply increases then for sure

a. Prices will increase

b. Prices will decrease

c. Quantities will increase

d. Quantities will decrease

2. Which of the following will decrease the demand for chicken?

a. An increase in the price of red meats

b. A decrease in the price of red meats

c. An increase in the price of chicken

d. A decrease in the price of chicken