1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
krok68 [10]
3 years ago
6

The price of producing a $4 chocolate bar goes up, so the seller of the chocolate bar raises the price to $5. A student describe

s the effect on the demand for the chocolate, saying, "Since the price goes up, the quantity demanded will go up." Evaluate the student's answer.
History
1 answer:
Dmitrij [34]3 years ago
7 0
Think of it like this.  If you could get a new cell phone for ten bucks, you'd want it, right?  In fact, pretty much EVERYONE would want it.  This means the quantity demanded will be high: more people want it.  BUT, if it goes up to $1,000, I bet you wouldn't want it that badly!  The quantity demanded will go down, because less people want to buy it.  It's the same thing with the chocolate bar.  Since the price goes up, the quantity demanded will go DOWN, because less people want to buy it now that it's more expensive.  The student's answer is incorrect.

Answer: The student's answer is incorrect.  Since the price goes up, the quantity demanded will go down.
You might be interested in
What were some of the main goals of japan in the years before and during ww2?
Vlad1618 [11]
To spread it's reach in the Pacific and China.  Looking for oil, and rubber resources.  Spheres of influence.  
8 0
3 years ago
PLEASE HELP ME! I have most of my essay written but i can't figure out how to say this in different words but with the same idea
den301095 [7]

Most of it sounds pretty good. Maybe reword it like this if you're wanting to switch it up. Like I said, it sounds pretty good as you have it though.

Religion shaped the structure and social caste of the four River Valley Civilizations because the Mesopotamian and Indus River Valley priests held vast amounts of authority and were considered to be head officials of the civilizations' primitive forms of Democracy.

5 0
3 years ago
Why did Matthew Perry include a second letter in the gift to Japanese leaders??
EastWind [94]
<span>Most likely the United States House of Representatives had not approved a single cent with which to pay for it.

</span>"Alaska is nothing but a wasteland of glaciers and polar bears" is wrong 100%<span> 
</span><span>The U.S. agreed to purchase Alaska from the Russians for $7.2 million, only 2.5 cents an acre, though Congress had yet to approve a single cent for the deal. Few Americans, viewed Alaska as a bargain. The press mocked the purchase as "Seward's Folly," and "Seward's Icebox." But nearly one year later, and after much political wrangling, the U.S. Treasury finally wrote the check. And Alaska became a U.S. territory.<span>
</span></span>
6 0
3 years ago
Who controls 96% of the media?
Lelu [443]

im not sure but i think indians

3 0
2 years ago
Read 2 more answers
How and why was dec 25th chosen as the day to celebrate christmas? (historical answer not religious)
ra1l [238]
December 25th was the day Christ was born so we celebrate Christmas on his birthday 
5 0
3 years ago
Other questions:
  • Which is true about worldwide poverty today?
    13·1 answer
  • Write an essay about the Pearl Harbor.
    13·2 answers
  • What was a lasting influence of the laws passed during the Reconstruction
    13·1 answer
  • 1、The term _____ means "things of the people".
    15·1 answer
  • What was the most important result of the Land Ordinance of 1785?
    7·1 answer
  • Fireworks displays that americans enjoy today came from which country
    5·1 answer
  • Which of the following helped the North stay economically strong during the Civil War?
    8·1 answer
  • New laws restricted rights freedoms of blacks where
    12·2 answers
  • How many days did the original Iditarod race take?
    5·1 answer
  • Is Kenneth bad at everything, yes or no?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!