Question

Come Whe Den bio Giler Refer to Figure 4.14. A decrease in the price of mushrooms (an input for Gardenburgers) will cause a movements from point Bon supply curve S2 to supply curve 83 b. supply curve S1. point A on supply curve S2 d p oint Con supply curve S2 Afrozen food manufacturer can produce either plazas or pepperoni rolls. As a result of a decrease in the price of pepperoni rolls, the firm produces fewer pepperoni rolls and more pizzas. An economist would explain this by saying a the supply of pepperoni rolls increased and the supply of pizzas decreased b there has been an increase in the quantity supplied of pepperoni rolls and a decrease in the quantity supplied of puzas. c. there has been an increase in the quantity supplied of pepperoni rolls and a decrease in the supply of purza d there has been a decrease in the quantity supplied of pepperoni rolls and an increase in the supply of pizza Afrozen food manufacturer can produce either pizzas or pepperoni rolls. As a result of an increase in the price of pepperoni rolls, the firm produces more pepperoni rolls and fewer plazas. An economist would explain this by saying the supply of pepperoni rolls increased and the supply of pizzas decreased b there has been an increase in the quantity supplied of pepperoni rolls and a decrease in the quantity supplied of pizzas. there has been an increase in the quantity supplied of pepperoni rolls and a decrease in the supply of pizza d there has been a decrease in the quantity supplied of pepperoni rolls and an increase in the supply of pizza The market for tires is unregulated and is presently characterized by excess demand. You accurately predict that price will increase the quantity demanded wilfal, and the quantity supplied will rise b price will increase the quantity demanded will rise, and the quantity supplied will fol price will decrease the quantity demanded will rise, and the quantity supplied will foll d price will decrease the quantity demanded will fall, and the quantity supped will rise The market for tires is unregulated and is presently characterized by exces supply. You accurately predict that price will increase the quantity demanded will fail, and the quantity supplied will rise b. price will increase the quantity demanded will rise, and the quantity supplied will fall price will decrease the quantity demanded will rise, and the quantity supplied will foll d price will decrease the quantity demanded will fall, and the quantity supplied will rise. Table 41 Quantity supplied Quantity demanded

Answer 1

6. Kindly provide the graph

7. As the producer is producing less pepperoni, hence we say that there has been a decrease in the quantity supplied of pepperoni. At the same time the production of pizza has increased, hence we say that there has been an increase in the production of pizza. Hence the correct answer is d

8. Here the exact opposite is happening. The production of pepperoni has increased, hence we say that the quantity supplied of pepperoni has increased. Similarly the quantity supplied of pizza has decreased. Hence the correct answer is b

9. Since there is excess demand therefore prices will rise, quantity demanded will fall and the quantity supplied will fall. The correct answer is a

10. Since there's excess supply, the prices will fall, the demand will increase and the supply will fall. The correct answer is c