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Micro Demand Shifts

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Last updated over 6 years ago
40 questions
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Question 1
1.

Which statement best describes the main claim of the article

Question 2
2.

Which statement best explains the impact of cafeteria workers on rice consumption

Question 3
3.

How are foreign rice imports dealt with by the Japanese government?

Question 4
4.

Which is harder to grow

Question 5
5.

Label the price and quantity (and x and y) axes.

Question 6
6.

Draw a demand curve in blue

Question 7
7.

Draw an inealstic demand curve in Blue and an elastic one in Green

Question 8
8.

Which is more elastic in its demand?

Question 9
9.

Which is more elastic in its demand?

Question 10
10.

Which is more elastic in its demand?

Question 11
11.

Which is more elastic in its demand?

Question 12
12.

Put a green arrow for a demand increase and a yellow one for a demand decrease

Question 13
13.

Draw a green curve showing a demand increase, and a yellow one showing a demand decrease

Question 14
14.

Draw a green curve showing a demand increase, and a yellow one showing a demand decrease

Question 15
15.

Which type of unemployment starts with "I Quit"

Question 16
16.

Which type of unemployment starts with a bad downturn in the overall economy

Question 17
17.

Which type of unemployment starts with the job being sent overseas

Question 18
18.

Which type of unemployment starts with the job replaced by a machine

Question 19
19.

Which type of unemployment starts with the job no longer being needed today

Question 20
20.

Which type of unemployment starts with the job being computerized

Question 21
21.

Which type of unemployment starts with the job being only done at Christmas

Question 22
22.

Which type of unemployment starts with a bad employee getting the boot from the job

Question 23
23.

Plot the situation in paragraph 4 for rice.

Question 24
24.

Plot and name the shift described in paragraph 6 for protein, bread and pasta (be careful)

Question 25
25.

Level 7 BONUS: Plot and name the shift described in paragraph 18 for farmers

Question 26
26.

For the Law of Supply, complete this: As price rises

Question 27
27.

For the Law of Supply, complete this: As price falls

Question 28
28.

Draw a supply curve

Question 29
29.

Draw a supply curve that is inelastic in yellow and an elastic one in minty green

Question 30
30.

Draw a supply curve that is inelastic in yellow and which results in a price of 2.50

Question 31
31.

Draw a supply curve that is elastic in green and which results in a price of 3.50

Question 32
32.

Circle the equilibrium point for this market

Question 33
33.

Circle the place where buyers and sellers agree on the price

Question 34
34.

What is the best definition of equilibrium?

Question 35
35.

Draw a green supply curve that is elastic and sets the equilibrium point where indicated

Question 36
36.

Draw equilibrium at 6.50. Indicate how many are sold.

Question 37
37.

Draw equilibrium at $7. Indicate how many are sold

Question 38
38.

What price would be required to sell all 75 items. Use the graph to answer the question

Question 39
39.

Draw a blue shift that results in a $7 price.

Question 40
40.

Draw the OTHER blue shift that results in a $7 price.