9:20 PM a docs.google.com Sprint @ 60% @ D Which of the following would 1 point
ID: 1141284 • Letter: 9
Question
9:20 PM a docs.google.com Sprint @ 60% @ D Which of the following would 1 point not shift to left?* The demand for jelly if peanut butter's price increased. The demand for M and M's if they caused mumps. The demand for soda if the price of water decreased. The demand for popcorn at an Astros playoff game. The law of demand states that:* point Consumers will buy more at higher The more consumers, the lower the Price and quantity demanded are directly related. Price and quantity demanded are inversely related. An increase in quantity demanded is depicted by a 1 point D, 0 O Move from point x to point y O Move from point y to point x
Explanation / Answer
Demand of any good shift towards the left means that at a particular price the quantity demanded decreases and out of four options in the case of demand of popcorn at an Astros playoff games increase hence it is the correct option. As per the law of demand as the price of any commodity increases the demand decreases and vice versa therfore the price and demand are inversely related Ian correct. An increase in demand is depicted by the movement from D1 to D2. A decrease in demand is depicted by the movement from D2 to D1. Inelastic demand of any good means that due to change in price of that good there is no change in the quantity demanded therfore the correct option is the price of gas increases by 25% and you fill you tank up. Inferior goods are those goods whose demand decreases as the earnings or salary of any person increases and hence great value chips is an inferior good. A decrease in the price of complimentary good is shown by the movement from x to y. If the income of John increases his demand for inferior goods decreases and demand for normal goods increases. The demand for pizza at $50 dollar is 5 pizzas. A decrease in quantity demanded is depicted by movement from D2 to D1.
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