5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity demand) for Ghirardelli 92°% Intense Dark bars at Chocoly Candy Shop will (increase / decrease). 6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time low, the (demand/quantity demand) for cars will (increase / decrease). 7. If the price of Chinese food decreases, there will be an (increase decrease) in the (demand quantity demand) for Lu's Lucky Chinese Food. 8. If the price of waffles increases, there will be an (increase decrease) in the (demand/quantity demand) for waffles.

5. If a new study shows that eating dark chocolate promotes a healthier lifestyle, the (demand/quantity demand) for Ghirardelli 92°% Intense Dark bars at Chocoly Candy Shop will (increase / decrease). 6. If the Federal Reserve announces that the economy is booming and unemployment is at an all time low, the (demand/quantity demand) for cars will (increase / decrease). 7. If the price of Chinese food decreases, there will be an (increase decrease) in the (demand quantity demand) for Lu's Lucky Chinese Food. 8. If the price of waffles increases, there will be an (increase decrease) in the (demand/quantity demand) for waffles.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter8: Understanding Markets And Industry Changes

Section: Chapter Questions

Problem 8.3IP: Hand Sanitizer Due to the H1N1 flu outbreak, the demand for hand sanitizer has tripled. Should...

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