Microeconomics Demand/Quantity Demanded Help?

You have to understand the difference between 'demanded' and 'quantity demanded'. Under micro theory, answer 1 is correct. Beef would be less desired, and consumers would turn to likely substitutes.

Answers 3 and 4 try to trip you up with quantity demanded. Quantity demanded means that more or fewer items are purchased WITHOUT ANY CHANGE to the demand curve; that is, a change in price. So they are incorrect -- in your example, the demand curves are moving, not just a price change.

ok, we are actually not likely to do your artwork for you. And by skill of how, the 1st one that published an answer did not answer your question. keep in mind, there are instructors like myself who surf web sites like this and have caught cheaters. So notice that there are laptop and tech-savvy instructors accessible traveling an identical web sites you're. the two keys listed under are to: (a million) understand what producer surplus skill. it is the convenience firms get from merchandising above marketplace. (2) finding the place equilibrium exists. it is the place furnish meets call for.