ECON102 Study Guide - Quiz Guide: Cupcake, Spinach, Demand Curve
3 Mar 2015
School
Department
Course
Professor
19
ECON102 Full Course Notes
Verified Note
19 documents
Document Summary
Demand for cupcake decreases supply of cupcake decreases: in 2008, 200,000 gas grills were demanded at a price of . In 2009, more than 200,000 gas grills were demanded at the same price. This increase could be the result any of the following except. A rise in the price of natural gas, a complement of a gas grill. An increase in income if gas grills are a normal good. A fall in the price of natural gas, a complement of a gas grill. An increase in population: as the price of ink cartridges decrease, demand for printers will ______ increase because they are complements. A situation in which the quantity demanded exceeds the quantity supplied. An increase in the price of gasoline. A decrease in the price of a resource used to produce gasoline, such as crude oil. Disastrous weather that destroys half of this year"s spinach crop. A rise in the price of spinach.
