The price of soft drinks increases. Which of the following is not part of the likely chain of events that follows from this price change?
A. The demand for fruit juices increases.
B. The manufacturers of soda?canning machines lay off some workers.
C. Producers of soft drinks increase their production of soft drinks.
D. Some consumers of soft drinks reduce their consumption of soft drinks.
The manufacturers of soda minus canning machines lay off some workers.
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You hire a set of economic consultants and they tell you the following: At a price of $7, 24 units of the good could be sold; at a price of $6, 29 units of output could be sold. You know then that the firm's total revenue at a price of $7 would equal
a. $174 b. $14 c. $6 d. $168 e. $342
When the dollar appreciates, the cost to Americans of foreign goods
a. rises and the CPI falls. b. rises and the CPI rises. c. falls and the CPI rises. d. falls and the CPI falls.
If a bond's rating improves, we would expect:
A. the demand for and the yield of this bond to increase, all other factors constant. B. both the demand for and the price of the bond to decrease, all other factors constant. C. the demand for this bond to increase, all other factors constant. D. the demand for this bond to decrease, and its yield to increase, all other factors constant.