{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

N_P_Key_Ch_3_p_15 - m [email protected]fi’i aag/WW C Which of the...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: m M @fi’i aag/WW ' C/ Which of the following would not cause a change in the demand for apples? a. a change in consumer income M A . a change in the price of pears c. ‘ a change in the price of apples a change in the number of people shopping for fruit Practice Problems: fa. Suppose that pizza and beer are complements. Neatly draw and label supply and demand graphs for each of these two markets in equilibrium. Suppose the price of mozzarella cheese increases. Indicate on your graph what happens in the market for pizza. Make sure you indicate if any curves move, and what happens to equilibrium price and quantity. Now show what effect, if any, this has in the market for beer. Again, make sure you indicate if any curves move, and what happens to equilibrium price and quantity. P1 am r_._..,,__ Beer 5,..__.——-——_ éy I? 15 ...
View Full Document

{[ snackBarMessage ]}