8. The quantity of Walkmans that firms plan to sell this month depends on all of the following except the __ a) number of producers of Walkmans. b) price of a Walkman. c) quantity of Walkmans that people plan to buy. d) wages of workers in electronics factories. 9.If the price of the Walkman is below the equilibrium price, there will be a __ of Walkmans and the price will __ a) surplus; fall b) shortage; fall c) shortage; rise d) surplus; rise 10. The price of a tomato increases and people buy fewer onions. You infer that onions and tomatoes are __ a) normal goods b) complements. c) substitutes. d) inferior goods. 11. The quantity of a cars that people plan to buy this month depends on all of the following except the __ a) quantity of cars that dealers have for sale. b) price of a van. c) population. d) expected future price of a car. 12. Kelly graduates and her income increases by 25,000 a year. Other things remaining the same , she decreases the quantity of donuts she buys . For Kelly, donuts __ a) are an inferior good. b) and coffee has become complements. c) and toast have become substitutes. d) are a normal good. 13. Students can rent a video at Campus Video for 4 As the price of a VCR decreases, the __ a) demand for videos will increase. b) supply of videos will decrease. c) quantity supplied of videos will decrease. d) quantity demanded of videos will increase. 14. In the book market, the supply of books will decrease if any of the fol- lowing occur except __ a) a decrease in the number of book publishers. b) a decrease in the price of a book. c) an increase in the future expected price of a book. d) an increase in the price of paper.

8. The quantity of Walkmans that firms plan to sell this month depends on all of the following except the __<br />a) number of producers of Walkmans.<br />b) price of a Walkman.<br />c) quantity of Walkmans that people plan to buy.<br />d) wages of workers in electronics factories.<br /><br />Answer: d) wages of workers in electronics factories.<br /><br />9. If the price of the Walkman is below the equilibrium price, there will be<br />a __ of Walkmans and the price will __<br />a) surplus; fall<br />b) shortage; fall<br />c) shortage; rise<br />d) surplus; rise<br /><br />Answer: b) shortage; rise<br /><br />10. The price of a tomato increases and people buy fewer onions. You infer that onions and tomatoes are __<br />a) normal goods<br />b) complements.<br />c) substitutes.<br />d) inferior goods.<br /><br />Answer: c) substitutes.<br /><br />11. The quantity of cars that people plan to buy this month depends on all of the following except the __<br />a) quantity of cars that dealers have for sale.<br />b) price of a van.<br />c) population.<br />d) expected future price of a car.<br /><br />Answer: b) price of a van.<br /><br />12. Kelly graduates and her income increases by $\$ 25,000$ a year. Other things remaining the same, she decreases the quantity of donuts she buys. For Kelly, donuts __<br />a) are an inferior good.<br />b) and coffee has become complements.<br />c) and toast have become substitutes.<br />d) are a normal good.<br /><br />Answer: a) are an inferior good.<br /><br />13. Students can rent a video at Campus Video for $\$ 4$. As the price of a VCR decreases, the __<br />a) demand for videos will increase.<br />b) supply of videos will decrease.<br />c) quantity supplied of videos will decrease.<br />d) quantity demanded of videos will increase.<br /><br />Answer: d) quantity demanded of videos will increase.<br /><br />14. In the book market, the supply of books will decrease if any of the following occur except __<br />a) a decrease in the number of book publishers.<br />b) a decrease in the price of a book.<br />c) an increase in the price of a book.<br />d) an increase in the price of paper.<br /><br />Answer: b) a decrease in the price of a book.