2
Macro Topic 1.6
Changes in Equilibrium
Assume that only hamburgers are made from ground beef and that hot dogs and hamburgers are
perfect substitutes. Pickles are a complement for hamburgers and mason jars are used to package
pickles and jelly. Show what will happen in each market if the price of ground beef significantly
increases.
A. Market for hamburgers
B. Market for hot dogs
c. market for pickles
d. market for mason jars
e. market for jelly

Answers

Answer 1

Answer:

A. Market for hamburgers -- decreases

B. Market for hot dogs - increases

c. market for pickles --decreases

d. market for mason jars ---decreases

e. market for jelly-- no effect

Explanation:

A. Market for hamburgers

Since, hamburgers are made of beef, of price of beef increases, then price of hamburgers also increases and hence as consumers are price sensitive for normal goods market for hamburgers will decrease

B. Market for hot dogs :

As price for hamburger will increase, consumers will start looking for alternatives. as given that hot dogs are perfect substitute, market for hot dogs will decrease

c. market for pickles : Given that pickles are complementary for hamburgers. If market for hamburgers has decreased, its complementary good will also be less in demand and hence market for pickles will decrease.

d. market for mason jars : now we know that market for pickles has decreased,  hence goods require to pack it will be in less demand and hence market for mason jars will decrease as well

e. market for jelly: Since dependency for jelly not given, it is not impacted by any of the above goods and hence market for jelly not be imapcted and it will remain same.


Related Questions

Explain the physiological and psychological factors that determine how someone may experience pain. Discuss the following concepts in your response, and explain whether each concept relates to a physiological or psychological response to pain, or both:

Gate-control theory
Memories of pain
Biology of the brain/body
Sociocultural influences
Pain control

PLEASEEEEE ANSWER I NEED HELP!!!!!!!

Answers

Answer:

i need help on that question too pls help

Explanation:

I love the way the app works great but it doesn’t work for the iPhone version of the iPad version version of this app and I have been using this for all wof for wapps wfor and I have to get a copy of it and

Answers

Free points, I guess.

But you might need to see a doctor because you had a stroke.

Answer:

a bad thing about this s app is that u have to answer questions to get points to ask questions

What is the slope of the line given by the equation y = 3X?

Enter your answer
as an integer or fraction in lowest terms.

Answers

Answer:

slope= 0

Explanation:

5. The synapse is part of the firing process of a neuron.
(1 Point)
O true
Or
O false

Answers

I’m pretty sure the answer is true

Which development would most likely cause the supply of a product to
increase?
A. Government regulations increase the cost of making the product
B. Fewer workers receive the education needed to create the
product.
O
C. Companies expect the selling price of the product to rise
significantly
D. Reliance on old technology leads to higher production costs for
the product

Answers

The development that would most likely increase the supply of the product is that the companies expect the SP of the product to rise significantly. Thus option C is correct.

What are the selling prices?

The selling process is the price at which the goods and services are being sold and is the price at which the company sells its product in order to earn a profit.

The selling price is thus the seller's final price and hence is what is paid for the good or service that is consumed. Hence for the development of the company, the SP should increase.

Find out more information about the selling price.

brainly.com/question/1153322

Answer:Companies Expect the Selling Price of the Product to Rise Significantly

Explanation: it’s the answer now have a good day

The troposphere is______.
1.the warmest layer
2.responsible for weather and clouds
3.the coldest layer
4.warmed by earth’s surface
5.the lowest layer

Answers

answer:

5

Explanation:

Answer:

5the lowest layer which is 5 and the site for weather and clouds which is 2. therefore its both

When I think of infants and toddlers, I am always amazed at how much learning they do during the period of time from 18 months to 3 years. It is easy to think that they will never make it through the 'terrible twos' or whatever people call it. I love to watch my grandchildren develop their personalities, decide what they do and do not like. They learn to speak with ease, and they learn to predict what is going to happen next on their schedule. They get toilet trained!! Wow! That is a big deal. They also learn to be sympathetic and to show love and allow themselves to be loved. Discuss what you think is the most magical thing that happens during this time frame between infancy and toddlerhood.

Answers

Answer:

The correct answer is B. "It's not that I don't trust you," Lea said. "It's your life after all. You're going to do whatever you think is best."

Explanation:

In the passage "Its not that I don't trust you," Lea said. "Its you're life after all. Your going to do whatever you think is best.", there are mainly misspelled words related to the use of the apostrophe (') and word contraction, in the case of the apostrophe (') this symbol is used to mark the omission of letters it means to let the reader know two words have been contracted, this means to words are put together to create one.

In the first line "Its not that I don't trust you", "its" is incorrect as it does not refer to something belonging, but to "it is" or "it's". While in the second phrase  "Its you're life after all. Your going to do whatever you think is best.", in "its your're life" the word "you're" or "you are" is not correctly as the right spelling should be "your" as it refers to the life that belongs to someone (possessive adjective), not to who they are and in "your going" the right spelling is "you're" or "you are" because it refers to the future tense, not to the possessive adjective "your". Thus, the correct revision is B.

Explanation:

Other Questions
Identify the slope and y- intercept of the linear equation.y = -2x + 5Slope: y-intercept: What is the solution to the linear equation?4b + 6 = 2 b + 4 which sentence best rewrites the following line so that that it includes hyperbole?Jackson lived for a long period of time in a small What does the bill of rights limit A Puritan seeking religious freedom would have most likely settled in which British colony?GANAVAMA i need a well-written summary about the Greek god Apollo. and pls hurry! At the end of the article, Kathleen Hall Jamieson says, "Elections in times of national crisis place challenges in front of whoever is president. When a president steps up in one of those moments, you get Lincoln in the Civil War, you get Roosevelt in World War II. This is one of those moments." What does she mean by that? The following saying is an example of a _______ device. Why is this _______ device easy for some people to remember? (Hint: try reading it out loud.) Thirty is hot, twenty is nice, ten is cold, and zero is ice. At the local coffee shop, they sell a reusable mug for $6. If you use the mug for a refill, the refill costs $1.30. Last month Jason spent $29.40 for the mug and refills. Which equation can be used to determine the number of refills, r, Jason purchased last month? In the winter, a town has a low of -5F. Inthe summer, the same town has a high of98F. What is the difference in temperature?[? ]F What is the equation in point slope form for a linear function with a slope of m=4 that passes through the point (2,7)? Josh heated a certain amount of blue copper sulfate crystals to get 2.1 g of white copper sulfate powder and 1.4 g of water. What is most likely the mass of the blue copper sulfate that he heated and why? what happens all by itself because the nucleus is unstable Rectangle ABCD is the image of rectangle ABCD after which of the following rotations? A region based on common properties such as population is called an? Bodhi has a collection of 175 dimes and nickels. The collection is worth $13.30. Which equation can be used to find n, the number of nickels in the collection?0.1n + 0.05(n 175) = 13.300.1n + 0.05(175 n) = 13.300.1(n 175) + 0.05 = 13.300.1(175 n) + 0.05n = 13.30 A rectangular garden is fenced on all sides with 234 feet of fencing. The garden is 5 feet longer than it is wide. Find the length and width of the garden. I will brainlist, please If 2000 kg cannon fires 2 kg projectile having muzzle velocity 200 m/s than the recoil speed of the cannon will be *A. 0.2 m/sB. 2 m/sC. 4 m/sD. 10 m/s Protons have about the same mass as:A. plasma particlesB. neutronsC. electrons