AGEC 315 - HW1 Already Graded A
Which of the following represents a movement along the demand curve?
I . Consumers buy less beef due to concerns about antibiotic use in animal production.
II. The price of apples increases causing people to buy fewer apples.
III . K-State lowers the price of...
Which of the following represents a movement along the demand curve?
I . Consumers buy less beef due to concerns about antibiotic use in animal production.
II. The price of apples increases causing people to buy fewer apples.
III . K-State lowers the price of tickets for shows in McCain and ticket purchases increase. ✅II and III
Which of the following represents a shift in the demand for hot cocoa?
I. The amount of cocoa decreases due to adverse weather in cocoa producing regions.
II. Consumers buy less hot cocoa due an increase in the price of hot cocoa.
III. An advertisement with an adorable little boy promoting hot cocoa results in an increase in hot cocoa
sales. ✅III only
Which of the following represents a shift in the demand curve?
I. An increase in incomes increases consumption of corn tortillas.
II. The Green Revolution dramatically increases crop yields.
III. Consumers buy fewer burritos because of food safety concerns. ✅I and III
Which of the following represents a shift in the demand for corn tortillas?
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