Which of the following would lead to a DECREASE in the demand for tennis balls?
A: A decrease in the price of tennis rackets
B: An increase in the cost of producing tennis balls
C: A decrease in average household income when tennis balls are a normal good
D: An increase in the price of tennis balls
E: None of the above
A: A decrease in the price of tennis rackets
B: An increase in the cost of producing tennis balls
C: A decrease in average household income when tennis balls are a normal good
D: An increase in the price of tennis balls
E: None of the above
举一反三
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good
- Which of the following would cause price to decrease? A: A、a decrease in supply B: B、an increase in demand C: C、a surplus of the good D: D、a shortage of the good
- Generally, price and demand is ____ related which means that the increase in the price would lead to the decrease in the demand for that product and vice versa.
- Which of the following would increase the supply of corn? A: a decrease in the price of wheat B: an increase in the price of pesticides C: a severe drought in the corn belt D: a decrease in the demand for corn E: a fall in the price of corn
- Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk? A: an increase in equilibrium quantity B: a decrease in equilibrium quantity C: a decrease in equilibrium price D: an increase in equilibrium price.