#201 Supply and Demand

Last updated about 5 years ago

13 questions

#201 Supply and Demand

Last updated about 5 years ago

13 questions

Question 1

What would cause an increase in D for Snickers?

A increase in taste

B decrease in income

C decrease in price of Snicker

D increase in the price of Snickers

Question 2

Which would cause a decrease in QS for iphones?

A decrease in the price of iPhones

B increase in the price of iPhones

C decrease in iPhones resource cost

D Producer expectations of a price increase

Question 3

Which would cause a decrease in supply for iPhones?

A decrease in the price of iPhones

B increase in the price of iPhones

C decrease in iPhones resource cost

D increase in iPhones resource cost

Question 4

What would cause an increase in QD for snickers?

A increase price of Snickers

B decrease in price of Snickers

C decrease in income

D increase in number of consumers

Question 5

According to the Law of Supply, which of these would happen to an item as its price increases?

A Producers would lower the price on similar items.

B Producers would increase the price even more.

C Producers would make more of it.

D Producers would make less of it.

Question 6

Which of the following will cause a “Decrease in D” for cars?

A increase in income

B decrease in income

C increase in the price of Kindle Fires

D decrease in the price of Kindle Fires

Question 7

What is the equilibrium price?

$3

$4

$5

$6

Question 8

On a supply and demand graph, supply will decrease and shift to the left when
which of the following happens?

Production taxes decline over a short period of time.

The total cost of inputs decreases.

There are fewer government regulations in place.

The number of firms leaving the industry increases.

Question 9

Draw the following in a graph: Increase in Demand

Right=rise Left=less

Question 10

10.

Draw the following in a graph: Increase in Supply

Question 11

11.

Draw a correctly labeled demand graph. Show the changes on the graph. The government announces that eating onions can prevent cancer.

Question 12

12.

Wood is a resource used to make desks. If the price of wood increases, what happens to the supply for desks?

Question 13

13.

What is the equilibrium price of shoes?

Question 1

What would cause an increase in D for Snickers?

A increase in taste

B decrease in income

C decrease in price of Snicker

D increase in the price of Snickers

Question 2

Which would cause a decrease in QS for iphones?

A decrease in the price of iPhones

B increase in the price of iPhones

C decrease in iPhones resource cost

D Producer expectations of a price increase

Question 3

Which would cause a decrease in supply for iPhones?

A decrease in the price of iPhones

B increase in the price of iPhones

C decrease in iPhones resource cost

D increase in iPhones resource cost

Question 4

What would cause an increase in QD for snickers?

A increase price of Snickers

B decrease in price of Snickers

C decrease in income

D increase in number of consumers

Question 5

According to the Law of Supply, which of these would happen to an item as its price increases?

A Producers would lower the price on similar items.

B Producers would increase the price even more.

C Producers would make more of it.

D Producers would make less of it.

Question 6

Which of the following will cause a “Decrease in D” for cars?

A increase in income

B decrease in income

C increase in the price of Kindle Fires

D decrease in the price of Kindle Fires

Question 7

What is the equilibrium price?

$3

$4

$5

$6

Question 8

On a supply and demand graph, supply will decrease and shift to the left when
which of the following happens?

Production taxes decline over a short period of time.

The total cost of inputs decreases.

There are fewer government regulations in place.

The number of firms leaving the industry increases.

Question 9

Draw the following in a graph: Increase in Demand

Right=rise Left=less

Question 10

10.

Draw the following in a graph: Increase in Supply

Question 11

11.

Draw a correctly labeled demand graph. Show the changes on the graph. The government announces that eating onions can prevent cancer.

Question 12

12.

Wood is a resource used to make desks. If the price of wood increases, what happens to the supply for desks?

Question 13

13.

#201 Supply and Demand

#201 Supply and Demand

What would cause an increase in D for Snickers?

Which would cause a decrease in QS for iphones?

Which would cause a decrease in supply for iPhones?

What would cause an increase in QD for snickers?

According to the Law of Supply, which of these would happen to an item as its price increases?

Which of the following will cause a “Decrease in D” for cars?

What is the equilibrium price?

On a supply and demand graph, supply will decrease and shift to the left whenwhich of the following happens?

Draw the following in a graph: Increase in Demand

Draw the following in a graph: Increase in Supply

Draw a correctly labeled demand graph. Show the changes on the graph. The government announces that eating onions can prevent cancer.

Wood is a resource used to make desks. If the price of wood increases, what happens to the supply for desks?

What is the equilibrium price of shoes?

What would cause an increase in D for Snickers?

Which would cause a decrease in QS for iphones?

Which would cause a decrease in supply for iPhones?

What would cause an increase in QD for snickers?

According to the Law of Supply, which of these would happen to an item as its price increases?

Which of the following will cause a “Decrease in D” for cars?

What is the equilibrium price?

On a supply and demand graph, supply will decrease and shift to the left whenwhich of the following happens?

Draw the following in a graph: Increase in Demand

Draw the following in a graph: Increase in Supply

Draw a correctly labeled demand graph. Show the changes on the graph. The government announces that eating onions can prevent cancer.

Wood is a resource used to make desks. If the price of wood increases, what happens to the supply for desks?

What is the equilibrium price of shoes?

On a supply and demand graph, supply will decrease and shift to the left when
which of the following happens?

On a supply and demand graph, supply will decrease and shift to the left when
which of the following happens?