# Juan likes both hot dogs and burritos all else equal

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Juan likes both hot dogs and burritos. All else equal, when the price of hot dogs rises, he buys more burritos. This can best be explained by: diminishing marginal utility. the substitution effect. increasing marginal cost. the income effect.
Market Demand Exercise: The table below represents the quantity of rice demanded for selected countries. a. Fill in the market quantity of rice demanded (column “Market”) for each given price. b. What is the quantity of rice demanded in the market (in millions of metric tons) if the market price is \$400 per metric ton? 14
Change in Demand Exercise: The table below describes the demand for bathing suits on a warm, summer day in the resort town of Wisconsin Dells: a. Graph the demand curve for bathing suits. b. Due to an influx of tourists, the quantity of bathing suits demanded increases by 15 bathing suits at every price. Complete the column in the table below.
The table below shows the quantity of funnel cakes demanded at the West Virginia State Fair. a. Graph the demand curve for funnel cakes. b. On rainy days the demand for funnel cakes at the West Virginia State Fair decreases by 1000 cakes at every price. Complete the table below by filling in the quantity of funnel cakes demanded on a rainy day. Determinants of Demand: The quantity demanded for cars monthly is shown in the table below. An increase in income increases the quantity demanded by 10% at every price. Which of the following columns represents the new monthly quantity demanded for cars (in thousands of cars)?
Column C On average, about 3,500 new mobile homes are sold every month at an average price of \$40,000. In 2013 average income in the United States rose and, all else equal, mobile home sales decreased. From the information given, it is reasonable to conclude that mobile homes: are inferior goods.