Mico- Econ-- Help


A change in the quantity demanded of a product is the result of a change in __________.


the price of the product

the price of related goods

consumer income

the cost of producing the product

I say the 3rd

asked by Angela
  1. I'm not an economist, but this seems a silly question.

    A change in the quantity demanded could be any or all of those, plus
    a better product on the market
    the obsolescence of a product

    posted by Ms. Sue
  2. True

    posted by Angela

Respond to this Question

First Name

Your Response

Similar Questions

  1. Macroeconomics

    working on homework & stuck on these three questions. Someone please check if I answered these correctly; Thank you! 1. In the event of excess supply in the coffee market __________. A. the price of coffee will increase B. the
  2. Economics

    Beachfront resorts have inelastic supply, and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products (that is, the quantity demanded at each price is twice what it was). a. What
  3. economics

    Beach front resorts have an inelastic supply and automobiles have an elastic supply. Suppose that a rise in population doubles the demand for both products(that is the quantity demanded at each price is twice what it was) a, what
  4. Math

    In economics, the demand for a product is the amount of that product that consumers are willing to buy at a given price. The quantity demanded of a product usually decreases if the price of that product increases. Suppose that a
  5. Managerial Economics

    This is some HW for a Managerial Econ class. I've got what I think are the answers, and I'd just like someone to read over my reasoning & check my answers. Any assistance is appreciated. Thanks! 2.) A recent study of the Madison,
  6. Microeconomics (full version)

    Pharmaceutical drugs have an inelastic demand, and computers have an elastic demand. Suppose that technological advance doubles the supply of both products (that is, the quantity supplied at each price is twice what it was). a.
  7. Economis

    I have got an economics questions, and i did my personal revision by tying to work the question. here is the question: using demand and supply analysis, explain the influence of the imposition of a maximum price and a minimum
  8. Macroeconomic

    Suppose that a market for a product is in equilibrium at a price of $5 per unit. At any price above $5 per unit. A. There will be an excess demand for the product. B. There will be an excess supply of the product. C. The quantity
  9. economics

    Assume that demand for product A can be expressed as QA = 500 ¨C 5PA + 3PB and demand for product B can be expressed as QB = 300 ¨C 2PB + PA. Currently, market prices and quantities for these goods are PA, = 5, PB = 2, QA = 481,
  10. math

    A Company has introduced a new product whose annual demand will depend on price charged. The demand of the product is represented by the function q = 100,000 – 200p, (where p = price and q = quantity demanded annually). Studies

More Similar Questions