Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

them- University Portal for students Problem Set 2 E 05-07F - Economics In A Glo

ID: 1158706 • Letter: T

Question

them- University Portal for students Problem Set 2 E 05-07F - Economics In A Global Society Assessments Communication ResourcesOnline Rooms Calendar My Media Help and le 2 -Supply and DemandProblem Set 2 et 2 rika Conti: ttempt 1 Bartenders occasionally place salty snacks on the bar to allow their patrons to snack while they drink alcohol. Why are bartenders seemingly so nice to their patrons. Because they are completely altruistic Because they know a little economics and realize this will shift the demand curve right, lowering the quantity demanded Because they know a little economics and realize this will shift the supply curve right raising the quantity demanded Because they know a little economics and realize this will shift the demand curve right raising the quantity demanded F7

Explanation / Answer

Option 4. Because they know a little economics and realize this will shift the demand curve right, raising the quantity demanded.

Explanation: The bartenders know that placing salty snacks at the bar would raise the demand for the snacks at the given price level i.e. the demand curve would shift towards the right. So, the bar would be able to sell more salty snacks to the consumers.