10) Figure 3.3 illustrates the demand for tacos. A decrease in price of tacos would bring about a movement from A) point a to point c. B) point c to point a. C) D2 to D0. D) D0 to D2. 11) Figure 3.3 illustrates the demand for tacos. A successful advertising campaign to sell tacos would bring about a movement from A) point a to point b. B) point c to point b. C) D2 to D1. D) D0 to D1. 12) Figure 3.3 illustrates the demand for tacos. If people expect the price of tacos to decrease in the near future this would most likely bring about a movement from A) point a to point b. B) point c to point a. C) D2 to D0. D) D0 to D1. 13) When the price of apples goes up A) the demand for apples will decrease ceteris paribus. B) the demand for apples will increase ceteris paribus. C) the quantity of apples demanded will decrease ceteris paribus. D) the quantity of apples demanded will increase ceteris paribus. 14) When the price of almonds falls A) the demand for almonds decreases ceteris paribus. B) the demand for almonds increases ceteris paribus. C) the quantity of almonds demanded decreases ceteris paribus. D) the quantity of almonds demanded increases ceteris paribus. 15) Landon demands more sushi as his income increases. From this we can conclude that for Landon A) sushi is a normal good. B) sushi is an inferior good. C) sushi is a complementary good. D) sushi is a substitute good. 16) Assume that coffee and tea are substitutes. When the price of coffee increases A) the demand for tea decreases. B) the demand for tea increases. C) the supply of tea increases. D) the supply of tea decreases. 17) Suppose that a product benefits from a successful advertising campaign. The result is that A) the demand for the product increases. B) the demand for the product decreases. C) the supply of the product increases. D) the supply of the product decreases. 18) Suppose that consumers expect that the price of a product will increase in the future. The result is that A) the current demand for the product increases. B) the current demand for the product decreases. C) the current supply of the product increases. D) the current supply of the product decreases. 19) Assume that tortilla chips and salsa are complements. When the price of tortilla chips decreases A) the demand for salsa increases. B) the demand for salsa decreases. C) the supply of salsa decreases. D) the demand for tortilla chips decreases.
