Refer to the table below. If the price of hamburger falls from $5 to $3, then the weekly market quantity demanded will:
The table below shows the weekly demand for hamburger in a market where there are just three buyers.
A. Increase from 24 to 52
B. Decrease from 52 to 24
C. Increase from 120 to 156
D. Increase from 29 to 55
Answer: A
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The demand curve for bonds would be shifted to the left by
A) an increase in expected returns on other assets. B) a decrease in the information costs of bonds relative to other assets. C) a decrease in expected inflation. D) an increase in the liquidity of bonds relative to other assets.
Which of the following would most likely cause a job to command a compensating wage differential?
a. There are barriers to the entry of new workers into the job market. b. The job is more dangerous than most other occupations. c. Wage rigidity prevents the wage rate from falling to the equilibrium level. d. There has been an increase in the price of another input that is substitutable for labor. e. The job market is dominated by one large firm.