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Laabri

#201 Supply and Demand

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Last updated over 5 years ago
13 Nsɛmmisa
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1.

What would cause an increase in D for Snickers?

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2.

Which would cause a decrease in QS for iphones?

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3.

Which would cause a decrease in supply for iPhones?

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4.

What would cause an increase in QD for snickers?

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5.

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

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6.

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

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7.

What is the equilibrium price?

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8.

On a supply and demand graph, supply will decrease and shift to the left when

which of the following happens?

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9.

Draw the following in a graph: Increase in Demand

Right=rise Left=less
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10.

Draw the following in a graph: Increase in Supply

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11.

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

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12.

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

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13.

What is the equilibrium price of shoes?