Assignment Help - homework help

Lower price results in higher product sales

When lower price outcomes in higher bread sales, this points out an: (i) Raise in the quantity of bread demanded. (ii) Raise in the quantity of bread supplied. (iii) Exception to the law of demand. (iv) Raised taste for bread.

Can someone please help me in finding out the accurate answer from the above options.

   Related Questions in Microeconomics

  • Q : Unlimited liability in a partnership

    The word ‘unlimited liability’ in the partnership signifies that a partner: (1) Pays to begin to the partnership, however can’t be held liable for additional/extra funds. (2) Can be held personally accountable for any and each of the partnership&rsqu

    		•
  • Q : Estimate total revenue when unitarily

    When the demand for computer hard drives is unitarily price elastic among lower prices and current prices, lowering prices slightly will yield as: (w) higher total revenue. (x) lower total revenue. (y) no change in total revenue. (z)

    		•
  • Q : Area above supply curve of resource The

    The area above a resource’s supply curve although below its price is a pure: (w) economic rent. (x) consumer surplus. (y) capitalization. (z) monopoly profit. Please choose the right answer from above...I wan

    		•
  • Q : Chain of effects-Market Equilibrium

    Market for goods is in equilibrium. There is an increase in demand for this good. Describe the chain of effects of this change. Elucidate with the help of diagram.

    		•
  • Q : Break-even level of income under

    For a family of four the break-even level of income under the negative income tax system demonstrated in this figure is: (1) $15,000 per year. (2) $30,000 per year. (3) $45,000 per year. (4) $60,000 per year. (5) $75,000 per year.

    		•
  • Q : Policies for overall demanding labor

    Policies which raise the overall demand for labor and maintain unemployment rates low are: (w) significant for the success of any other programs to reduce poverty. (x) sufficient measures to reduce the incidence of poverty. (y) not relevant to the suc

    		•
  • Q : Problem related to aggregate demand

    Refer to the below diagram, in which Qf is the full-employment output. If aggregate demand curve AD1 describes the current situation, appropriate fiscal policy would be to: A) increase taxes and reduce government spending to shift the aggregate d

    		•
  • Q : Opportunity Costs to Society of Funding

    The clearest signals of the opportunity costs to society of funding one investment in place of another are relative: (w) interest rates, expected rates of return, and also expected economic profit. (x) production costs for various goo

    		•
  • Q : Average production cost by maximum

    When Nostalgia Corporation maximizes profit in its production of Silver Screen DVDs, in that case its average production cost per DVD will be roughly: (i) $3 per copy. (ii) $5 per copy. (iii) $7 per copy. (iv) $9 per copy. (v) $11 per copy.

  • Q : Implication of freedom of entry and

    Describe the implication of freedom of entry and exit to the firms beneath perfect competition.

    		•
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.