Shifts and Equilibrium Retake
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Last updated almost 7 years ago
10 questions
1
Examine the image above. Which of the following best describes the impact of a decrease in demand on market clearing price and equilibrium quantity?
Examine the image above. Which of the following best describes the impact of a decrease in demand on market clearing price and equilibrium quantity?
1
Which of the following events could cause the shift shown in the graph above. Assume this is the market for peanut butter.
Which of the following events could cause the shift shown in the graph above. Assume this is the market for peanut butter.
1
Examine the image above. Which of the following results from an increase in demand?
Examine the image above. Which of the following results from an increase in demand?
1
Assume that the graph above shows a change in the market for cranberries. Which of the following events could have caused the shift shown?
Assume that the graph above shows a change in the market for cranberries. Which of the following events could have caused the shift shown?
1
Using the graph above, how does an increase in supply affect market clearing price and equilibrium quantity?
Using the graph above, how does an increase in supply affect market clearing price and equilibrium quantity?
1
Assume that the graph above shows a change in the market for tomatoes. Which of the following could cause the change in the market shown above?
Assume that the graph above shows a change in the market for tomatoes. Which of the following could cause the change in the market shown above?
1
Roomba producers find a new technology that enables them to produce the Roomba in a faster, less expensive manner. Which of the following describes the impact this will have on the Roomba market?
Roomba producers find a new technology that enables them to produce the Roomba in a faster, less expensive manner. Which of the following describes the impact this will have on the Roomba market?
1
Assume that consumers begin to prefer canned sardines over canned tuna. Which of the following will likely happen to the price and quantity of canned tuna?
Assume that consumers begin to prefer canned sardines over canned tuna.
Which of the following will likely happen to the price and quantity of canned tuna?
1
From 2017 to 2018, the price of an ice cream at Coconuts rose $0.50. The equilibrium quantity fell by 50 scoops per week. Which of the following explains the impact on market clearing price and equilibrium quantity for ice cream at Coconuts?
From 2017 to 2018, the price of an ice cream at Coconuts rose $0.50. The equilibrium quantity fell by 50 scoops per week. Which of the following explains the impact on market clearing price and equilibrium quantity for ice cream at Coconuts?
1
Dana sells donuts. Last month, she saw that the market clearing price and the quantity of donuts that she sold both rose. What could best explain this change in price and quantity?
Dana sells donuts. Last month, she saw that the market clearing price and the quantity of donuts that she sold both rose. What could best explain this change in price and quantity?