Question 1:-
If new manufacturers enter the computer industry, the [a] curve will [b] to the [c].
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Question 2:-
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect Andy's demand for [a] to [b].
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Question 3:-
Various factors cause the demand curve to shift. These can include:
A. change in income
B. changes in the number of buyers
C. changes in future expectations
D. all of the above.
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Question 4:-
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the .
A. demand curve to the right
B. supply curve to the right
C. supply curve to the left
D. demand curve to the left
Question 1:-
If new manufacturers enter the computer industry, the [a] curve will [b] to the [c].
----------------------------------------
Question 2:-
Andy views beer and pizza as complements to one another. If the price of pizza decreases, economists would expect Andy's demand for [a] to [b].
----------------------------------------
Question 3:-
Various factors cause the demand curve to shift. These can include:
| A. | change in income | |
| B. | changes in the number of buyers | |
| C. | changes in future expectations | |
| D. | all of the above. |
----------------------------------------
Question 4:-
A drought decreases the supply of agricultural products, which means that at any given price a lower quantity will be supplied; conversely, especially good weather would shift the .
| A. | demand curve to the right | |
| B. | supply curve to the right | |
| C. | supply curve to the left | |
| D. | demand curve to the left |
