Which of the following sets of events must cause an increase in the price of a new house? Show
a. higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future b. lower wages for carpenters, lower wood prices, increases in consumer incomes, higher apartment rents, increases in population and expectations of higher house prices in the future c. lower wages for carpenters, higher wood prices, decreases in consumer incomes, higher apartment rents, decreases in populations and expectations of higher house prices in the future d. higher wages for carpenters, lower wood prices, decreases in consumer incomes, lower apartment rents, decreases in population and expectations of lower house prices in the future Recommended textbook solutions Principles of Microeconomics7th EditionN. Gregory Mankiw 830 solutions Principles of Microeconomics8th EditionN. Gregory Mankiw 796 solutions Essentials of Investments8th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 663 solutions Essential Foundations of Economics7th EditionMichael Parkin, Robin Bade 232 solutions Upgrade to remove ads Only ₩37,125/year
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Get faster at matching terms Terms in this set (32)which of the following sets of events must cause an increase in the price of a new house higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population, and expectations of higher house prices in the future 5 coolers and 6 radios which of the following combinations of coolers and radios could aruba produce in one 40-hour week in a market economy supply and demand determine prcies and prices, in turn, allocate the economy's scare resources in competitive markets, which of the following is not sorrect some sellers can set prices 15 the number of minutes needed by Juanita to program a cellular phone is a monopoly is a market with one seller, and that seller sets the price which of these statements best represent the law of supply when the price of a good decreases, the sellers produce less of the good what will happen to the equilibrium price and quantity of traditional camera film if traditional cameras become more expensive, digital cameras become cheaper, the cost of the resources needed to make traditional film falls, and more firms decide to make traditional film price will fall and the effect on quantity is ambiguous a decrease in the price of DVD players which of the following would cause the demand curve to shift from demand B to demand C in the market for DVDs in the united states a change in consumer preferences toward watching movies in the movie theaters rather than at home
which of the following would cause the demand curve to shift from demand C to demand A in the market for DVDs matthew bakes apple pies that he sells at the local farmer's market. if the price of apples increases the supply curve for Matthews pies will decrease 12 bushels of wheat for 19 pounds of beef at which of the following prices would both andia and zardia gain from trade with each other 3/5 bushel of wheat what is andia's oppertunity cost of producing one pound of beef 5/3 pounds of beef what is andia's opportunity cost for producing one bushel of wheat 2/3 bushel of wheat and Varick's opportunity cost of one yeard of cloth is 2/5 bushel of wheat Flada's opportunity cost of one yard of cloth is airplanes and import cars korea should specialize in the production of 6 airplanes suppose korea decides to increase its production of cars by 18. what is the opportunity cost of this decision cars and a comparatice advantage in the production of cars japan has an absolute advantage in the production of if consumers view cappuccinos and lattes as substitutes, what would happen to the equilibrium price and quantity of lattes if the price of cappuccinos rise both the equilibrium price and quantity would increase which of the following changes wouldnt no shift the demand curve for a good or service a change in the price of the good or service a surplus exsists in a market if the current price is above its equilibrium bread and spain has an absolute advantage in the production of cheese england has an absolute advantage in the production of suppose jim and tom can both produce two goods; baseball bats and hockey sticks. which of the following is not possible jim has a comparative advantage in the production of baseball bats and in the production of hokey sticks the quantity supplied of a good is the amount that sellers are willing and able to sell if consumers oftern purchase muffins to eat while they drink their lattes at a local coffee shops, what would happen to the equilibrium price and quantity of lattes if the price of muffins falls both the equilibrium price and quantity would increase increase by 10 units if these are the only four sellers in the market, then when the price increases from $4 to $6, the market quantity supplied 1 if perry and jordan switch from each person dividing their time equally between the production of novels and poems to each person spending all of their time producting the good in which they have a comparative advantage, then total production of novels will increase by the line that relates the price of a good and quantity supplied of that good is called the supply curve, and it usually slopes upward 6 pounds of meat and 1 pound of potatoes which of the following combinations of meat and potatoes could the rancher not produce in 24 hours 5.5 pounds of meat and 8 pounds of potatoes assume that the farmer and the rancher each has 24 labor house available . if each person divides his rime equally between the production of meat and potatoes, then total production is suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen, we would expect a surplus to exist and the market price of roses to decrease the law of supply and demand asserts that the price of a good will eventually rise in response to an excess demand for that good Recommended textbook solutionsPrinciples of Microeconomics7th EditionN. Gregory Mankiw 830 solutions Principles of Microeconomics8th EditionN. Gregory Mankiw 796 solutions Principles of Macroeconomics6th EditionN. Gregory Mankiw 433 solutions Essentials of Investments8th EditionAlan J. Marcus, Alex Kane, Zvi Bodie 663 solutions
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QUESTION Which of the following relationships between the current account (CA) and the financial account (FA) must be true? A. CA-FA=0 B. CA + FA=0 C. CA = FA D. CA= 1/ FA E. (CA)(FA) = 1 Verified answer Other Quizlet setsPerceptual and motor development ch 547 terms herman_stensletPLUS ACCT 4B CH. 1613 terms Woebegone_ FAS 450 midterm60 terms Elenavuksta8 Related questionsQUESTION The movement up and to the right from point a to point b on the graph is called? 3 answers QUESTION a product with income elasticity greater than one, can be classified as 2 answers QUESTION A production possibilities frontier illustrates the maximum amount of two different goods that can be produced if: 6 answers QUESTION a widely accepted generalization about the economic behavior of individuals or institutions. 9 answers Which of the following sets of events would most likely cause an increase in the price of a new house?Which of the following sets of events would most likely cause an increase in the price of a new house? c. higher wages for carpenters, higher wood prices, increases in consumer incomes, higher apartment rents, increases in population and expectations of higher house prices in the future.
What causes the price of a product to increase in a market quizlet?Causes prices to rise as the quantity demand for a good is greater than the quantity supply of that good.
Which of the following events must cause equilibrium prices to rise?An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease.
Which of the following events must cause equilibrium price to fall quizlet?Which of the following events must cause equilibrium price to fall? Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good? Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous.
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Which of the following sets of events must cause an increase in the price of a new house quizlet?
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