ECN 104 Study Guide - Midterm Guide: Peanut Butter, Substitute Good, Demand Curve

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A friend tells you that ford will stop offering a. As a result of this information, what will happen to your demand curve for mustangs: curve will be unaffected, shifts left today, shifts right today, could shift either right or left. It will cause consumers to buy more of good y and less of good x: it will cause consumers to buy more of good x and less of good y. It will not affect the amount of goods x and y that consumers buy: it will affect the amount of goods x and y that consumers buy, but in an unpredictable. ___: . 00 per unit, . 50 per unit, . 00 per unit, . 00 per unit each. way. If point b is the consumer"s optimum and the price of chocolate chips is per bag, what is the price of a bag of marshmallows: . 50, . 70, , .

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