Which of the following could lead to a rise in the quantity demanded of lemons? Select...

  

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Which of the following could lead to a rise in the quantity demanded of lemons? Select one: a. a leftward shift in the supply curve of lemons b. a cold spell which makes people want less lemonade ca decrease in the price of artificial lemon flavouring d. a decline in the number of people drinking lemonade O e.a rightward shift in the supply curve of lemons Ifa demand curve and a supply curve can be stated functionally as Qd = 500 - 0.1P and Qs = 440 + 0,4P respectively. then the equilibrium quantity and price (Q. P) would be Select one: a. 150: 485 O b. 488: 120. OF C. 940: 0.4 d. 150. 150 e. 50, 176. Assume a firm is using 6 units of capital and 6 units of labor to produce 6 baskets. Now it doubles both inputs resulting in a new total of 16 baskets being produced. This firm is experiencing Select one: a. decreasing returns to scale. b. increasing costs. C. constant returms to scale. d. increasing returns to scale. e. diseconomies of scale. If a firm uses factor inputs that are personally owned by the firm's owner, then economists refer to the opportunity cost of these inputs as Select one: a, implicit costs. b. sunk costs. c. inverted costs. d. accounting costs. e. direct production costs. Which of the following could lead to a rise in the quantity demanded of lemons? Select one: a. a leftward shift in the supply curve of lemons b. a cold spell which makes people want less lemonade ca decrease in the price of artificial lemon flavouring d. a decline in the number of people drinking lemonade O e.a rightward shift in the supply curve of lemons Ifa demand curve and a supply curve can be stated functionally as Qd = 500 - 0.1P and Qs = 440 + 0,4P respectively. then the equilibrium quantity and price (Q. P) would be Select one: a. 150: 485 O b. 488: 120. OF C. 940: 0.4 d. 150. 150 e. 50, 176. Assume a firm is using 6 units of capital and 6 units of labor to produce 6 baskets. Now it doubles both inputs resulting in a new total of 16 baskets being produced. This firm is experiencing Select one: a. decreasing returns to scale. b. increasing costs. C. constant returms to scale. d. increasing returns to scale. e. diseconomies of scale. If a firm uses factor inputs that are personally owned by the firm's owner, then economists refer to the opportunity cost of these inputs as Select one: a, implicit costs. b. sunk costs. c. inverted costs. d. accounting costs. e. direct production costs.

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QUESTIO N 43 Answer E Quantity demanded is only affected by changes in the own price of a good and should not be confused by changes in demand An rise ... View the full answer