Question: 2 5 . Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the
Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?
A an increase in the price of raisins
B a decrease in income
C a decrease in population
D an increase in the price of cold cereal
Which of the following shifts the demand curve for hot dogs leftward?
A an increase in the price of a hot dog bun
B a decrease in the price of a hot dog bun
C an increase in the price of a hot dog
D an increase in the price of a hamburger
The observation that the demand curve for grape jelly shifts rightward every time the price of peanut butter falls means that grape jelly and peanut butter are
A complements.
B substitutes.
C inferior goods.
D normal goods.
If the price of chicken falls, then in the market for beef
A the demand curve for beef shifts rightward.
B the demand curve for beef shifts leftward.
C there is a movement downward along the demand curve for beef.
D there is a movement upward along the demand curve for beef.
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