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Micro 2.1 Demand / 2.2 Supply Mini S/D Shifting Mini Quiz D

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Posljednje ažuriranje 11 months ago
3 questions

All questions are framed with respect to the AMERICAN CANDY MARKET! Candy is considered an inferior good for today's purposes.

5
5
5
Pitanje 1
1.
Drugi mogući odgovor:
buyer income with candy being a normal good
quantity demand
rightward
decrease

increase

number of buyers

government regulation
quantity supply
tastes and preferences
the price of related goods-substitutes
leftward
along

supply

the price of related goods-complements
natural disaster

demand

seller's expectation of future price
technology and/or resource productivity
substitutes-in-production
buyer income with candy being an inferior good
seller's resource cost
number of sellers
of
taxes or subsidies

price

buyer's expectation of future price
Pitanje 2
2.
Drugi mogući odgovor:
tastes and preferences
rightward
technology and/or resource productivity
quantity supply

number of buyers

price

buyer income with candy being an inferior good
buyer income with candy being a normal good
quantity demand
taxes or subsidies
seller's resource cost
the price of related goods-complements
government regulation

demand

buyer's expectation of future price
decrease

increase

of
along
substitutes-in-production
number of sellers
the price of related goods-substitutes
natural disaster
leftward
seller's expectation of future price

supply

Pitanje 3
3.
Drugi mogući odgovor:
technology and/or resource productivity
buyer's expectation of future price
tastes and preferences
the price of related goods-substitutes
leftward
decrease
buyer income with candy being an inferior good
of

supply

government regulation
along

number of buyers

taxes or subsidies
quantity supply
number of sellers
buyer income with candy being a normal good
seller's resource cost
natural disaster

increase

quantity demand
seller's expectation of future price
the price of related goods-complements
rightward

price

substitutes-in-production

demand

The price of candy has fallen for sellers of candy. As a result, the for candy will , causing a movement the curve . The reason for this change in the market is due to a change in.

The US population is on the rise for the 5th consecutive month. As a result, the for candy will , causing a movement the curve . The reason for this change in the market is due to a change in.

The US government has decided to tax candy producers. As a result, the for candy will , causing a movement the curve . The reason for this change in the market is due to a change in.