Homework assignment due tonight at 11:30 PM
1) Movie theaters increase ticket prices. Which determinant of demand would this be for MOVIE THEATER TICKETS?
a) Change in income
b) Change in expectations
c) Change in style, taste, or preference
d) Change in the number of buyers
e) No reason for change
2) How will this curve shift?
a) Shift to the right
b) Shift to the left
c) No change
3) A large increase of automobile factory workers move to Greensburg, IN because of the new Honda factory. Which determinant of demand would this be for RESTAURANTS IN GREENSBURG?
a) Change in expectations
b) Change in the price or availability of a substitute
c) Change in the price or availability of a complement
d) Change in the number of buyers
e) No reason for change.
4) How will this curve shift?
a) Shift to the right
b) Shift to the left
c) No change
5) The price tennis rackets increases. Which determinant of demand would this be for TENNIS BALLS?
a) Change in the number of buyers
b) Change in the price or availability of a substitute
c) Change in the price or availability of a complement
d) Change in style, taste, or preference
e) No reason for change
6) How will this curve shift?
a) Shift to the right
b) Shift to the left
c) No change
Someone hasn't been paying attention in class.
1)a) Change in income
2)b) Shift to the left
3)d) Change in the number of buyers
4)a) Shift to the right
5)a) Change in the number of buyers
6)b) Shift to the left
Hope this helps
I would go for d, c, d and a.
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