Wednesday
April 16, 2014

Homework Help: Basic: Demand and Supply

Posted by Anonymous on Friday, September 19, 2008 at 9:26pm.

Question:
Can you please check whether or not my answer is correct? If not, can you please correct it?

Scenario:
The market for peanut butter in New York where over 1 million stores that sell peanut butter at any given amount. Suppose the price of bread increases (Assume that people regard peanut butter and bread as complements). If this scenario is to be graphed, would the supply curve and/or demand curve shift to the left or right?

My answer:
Only the demand curve shifts to the left. The supply curve is not affected because it deals with complements.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - Can you please exlain to me if I'm wrong not just correct me. ps. ...
Mircoeconomics: Elasticity - Please help! I have a mid-term test in a couple of ...
Economics - Could you please check these thanks. Directions match each item with...
URGENT ECON QUESTION ABOUT DEMAND AND SUPPLY - ok this is the scenario 12. ...
Economics: Demand and Supply - Suppose the market for ice cream is deregulated. ...
Microeconomics; price elasticity of demand - Please check and correct my answers...
Economics quick question - Could you check these please thanks. A --------- is a...
Economics - Could you please check this Directions: Match each item with the ...
Econ - How does the aggregate goods and services market differ from the regular...
Nutrition of the young child - Following the nutritional label on a jar of ...

Search
Members