Question :
131.Whatwillhappentotheequilibriumpriceofnewtextbooksifmorestudentsattendcollege,paperbecomescheaper,textbookauthorsacceptlowerroyalties,andfewerusedtextbooksaresold?
a.Pricewillrise.
b.Pr : 1262335
131.Whatwillhappentotheequilibriumpriceofnewtextbooksifmorestudentsattendcollege,paperbecomescheaper,textbookauthorsacceptlowerroyalties,andfewerusedtextbooksaresold?
a.Pricewillrise.
b.Pricewillfall.
c.Pricewillstayexactlythesame.
d.Thepricechangewillbeambiguous.
132.Newoaktablesarenormalgoods.Whatwouldhappentotheequilibriumpriceandquantityinthemarketforoaktablesifthepriceofmapletablesrises,thepriceofoakwoodrises,morebuyersenterthemarketforoaktables,andthepriceoftheglueusedintheproductionofthenewoaktablesincreased?
a.Pricewillfall,andtheeffectonquantityisambiguous.
b.Pricewillrise,andtheeffectonquantityisambiguous.
c.Quantitywillfall,andtheeffectonpriceisambiguous.
d.Quantitywillrise,andtheeffectonpriceisambiguous.
133.Whatwouldhappentotheequilibriumpriceandquantityofpeanutbutterifthepriceofpeanutswentup,thepriceofjellyfell,fewerfirmsdecidedtoproducepeanutbutter,andhealthofficialsannouncedthateatingpeanutbutterwasgoodforyou?
a.Pricewillfall,andtheeffectonquantityisambiguous.
b.Pricewillrise,andtheeffectonquantityisambiguous.
c.Quantitywillfall,andtheeffectonpriceisambiguous.
d.Quantitywillrise,andtheeffectonpriceisambiguous.
134.Pensarenormalgoods.Whatwillhappentotheequilibriumpriceofpensifthepriceofpencilsrises,consumersexperienceanincreaseinincome,writingininkbecomesfashionable,peopleexpectthepriceofpenstoriseinthenearfuture,thepopulationincreases,fewerfirmsmanufacturepens,andthewagesofpen-makersincrease?
a.Pricewillrise.
b.Pricewillfall.
c.Pricewillstayexactlythesame.
d.Thepricechangewillbeambiguous.
135.Whatwillhappentotheequilibriumpriceandquantityoftraditionalcamerafilmiftraditionalcamerasbecomemoreexpensive,digitalcamerasbecomecheaper,thecostoftheresourcesneededtomanufacturetraditionalfilmfalls,andmorefirmsdecidetomanufacturetraditionalfilm?
a.Pricewillfall,andtheeffectonquantityisambiguous.
b.Pricewillrise,andtheeffectonquantityisambiguous.
c.Quantitywillfall,andtheeffectonpriceisambiguous.
d.Quantitywillrise,andtheeffectonpriceisambiguous.
136.Newcarsarenormalgoods.Whatwillhappentotheequilibriumpriceofnewcarsifthepriceofgasolinerises,thepriceofsteelfalls,publictransportationbecomescheaperandmorecomfortable,auto-workersacceptlowerwages,andautomobileinsurancebecomesmoreexpensive?
a.Pricewillrise.
b.Pricewillfall.
c.Pricewillstayexactlythesame.
d.Thepricechangewillbeambiguous.
137.Whatwillhappentotheequilibriumpriceandquantityofnewcarsifthepriceofgasolinerises,thepriceofsteelrises,publictransportationbecomescheaperandmorecomfortable,andauto-workersnegotiatehigherwages?
a.Pricewillfall,andtheeffectonquantityisambiguous.
b.Pricewillrise,andtheeffectonquantityisambiguous.
c.Quantitywillfall,andtheeffectonpriceisambiguous.
d.Quantitywillrise,andtheeffectonpriceisambiguous.
138.ConsiderthemarketfornewDVDs.IfDVDplayersbecamecheaper,buyersexpectedDVDpricestofallnextyear,usedDVDsbecamemoreexpensive,andDVDproductiontechnologyimproved,thentheequilibriumpriceofanewDVDwould
a.rise.
b.fall.
c.staythesame.
d.couldrise,fall,orremainunchanged.
139.Whichofthefollowingsetsofeventsmustcauseanincreaseinthepriceofanewhouse?
a.higherwagesforcarpenters,higherwoodprices,increasesinconsumerincomes,higherapartmentrents,increasesinpopulation,andexpectationsofhigherhousepricesinthefuture
b.lowerwagesforcarpenters,lowerwoodprices,increasesinconsumerincomes,higherapartmentrents,increasesinpopulationandexpectationsofhigherhousepricesinthefuture
c.lowerwagesforcarpenters,higherwoodprices,decreasesinconsumerincomes,higherapartmentrents,decreasesinpopulationandexpectationsofhigherhousepricesinthefuture
d.higherwagesforcarpenters,lowerwoodprices,decreasesinconsumerincomes,lowerapartmentrents,decreasesinpopulationandexpectationsoflowerhousepricesinthefuture
140.Whatwouldhappentotheequilibriumpriceandquantityoflattésifcoffeeshopsbeganusingamachinethatreducedtheamountoflabornecessarytoproducesteamedmilk,whichisusedtomakelattés,andscientistsdiscoveredthatcoffeepreventsheartattacks?
a.Boththeequilibriumpriceandquantitywouldincrease.
b.Boththeequilibriumpriceandquantitywoulddecrease.
c.Theequilibriumpricewouldincrease,andtheeffectonequilibriumquantitywouldbeambiguous.
d.Theequilibriumquantitywouldincrease,andtheeffectonequilibriumpricewouldbeambiguous.