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Laabri

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

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Last updated 10 months ago
3 Nsɛmmisa

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

5
5
5
Asemmisa {{asɛmmisaAhyɛnsode}}
1.
Mmuae Afoforo a Wobɛpaw:
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
Asemmisa {{asɛmmisaAhyɛnsode}}
2.
Mmuae Afoforo a Wobɛpaw:
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

Asemmisa {{asɛmmisaAhyɛnsode}}
3.
Mmuae Afoforo a Wobɛpaw:
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