A) slopes upward. B) is a graph of the relationship between the quantity supplied of a good and its price. C) slopes downward. D) Both answers A and B are correct. E) Both answers A and C are correct. A) slopes upward. B) is a graph of the relationship between the quantity supplied of a good and its price. C) slopes downward. D) Both answers A and B are correct. E) Both answers A and C are correct.

Exam 4: Demand and Supply

The above figure illustrates the market for corn. If point 'a' represents the original equilibrium and point 'b' the new equilibrium, which of the following could have caused the change?

(Multiple Choice)

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Question 121

Which of the following results in a movement upward along the demand curve for movies?

(Multiple Choice)

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Question 122

The phrase 'a change in demand' most directly implies a

(Multiple Choice)

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Question 123

A supply curve

(Multiple Choice)

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Question 124

A competitive market is in equilibrium. Then there is a decrease in demand and a decrease in supply. The equilibrium price , and the equilibrium quantity .

(Multiple Choice)

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Question 125

Market equilibrium occurs when

(Multiple Choice)

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Question 126

If good weather conditions result in a larger than normal crop of peaches, then the

(Multiple Choice)

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Question 127

A change in the demand for apples could result from any of the following EXCEPT

(Multiple Choice)

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Question 128

Which of the following does NOT increase the supply of personal computers, that is, does NOT shift the supply curve of personal computers?

(Multiple Choice)

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Question 129

The law of demand implies that, other things remaining the same,

(Multiple Choice)

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Question 130

If the price is below the equilibrium price,

(Multiple Choice)

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Question 131

Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough

(Multiple Choice)

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Question 132

Suppose the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

(Multiple Choice)

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Question 133

A decrease in the price of a complement in production leads to

(Multiple Choice)

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Question 134

The downward slope of a demand curve

(Multiple Choice)

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Question 135

If the Motor Vehicle Builders' Union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of cars?

(Multiple Choice)

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Question 136

Scooters and bicycles are substitutes. Suppose the price of a bicycle falls. Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?

(Multiple Choice)

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Question 137

In the above figure, the shift in the supply curve from S to S2 reflects

(Multiple Choice)

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Question 138

When demand increases and supply decreases by the same amount, the equilibrium quantity and the equilibrium price .

(Multiple Choice)

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Question 139

Showing 121 - 139 of 139

The above figure illustrates the market for corn. If point 'a' represents the original equilibrium and point 'b' the new equilibrium, which of the following could have caused the change?

Which of the following results in a movement upward along the demand curve for movies?

The phrase 'a change in demand' most directly implies a

A supply curve

A competitive market is in equilibrium. Then there is a decrease in demand and a decrease in supply. The equilibrium price , and the equilibrium quantity .

Market equilibrium occurs when

If good weather conditions result in a larger than normal crop of peaches, then the

A change in the demand for apples could result from any of the following EXCEPT

Which of the following does NOT increase the supply of personal computers, that is, does NOT shift the supply curve of personal computers?

The law of demand implies that, other things remaining the same,

If the price is below the equilibrium price,

Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough

Suppose the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

A decrease in the price of a complement in production leads to

The downward slope of a demand curve

If the Motor Vehicle Builders' Union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of cars?

Scooters and bicycles are substitutes. Suppose the price of a bicycle falls. Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?

In the above figure, the shift in the supply curve from S to S2 reflects

When demand increases and supply decreases by the same amount, the equilibrium quantity and the equilibrium price .

Getting Started

The Australian and Global Economies

The Economic Problem

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Taxes

Global Markets in Action

Externalities

Public Goods and Common Resources

Consumer Choice and Demand

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Markets for Factors of Production

Economic Inequality

Filters

Exam 4: Demand and Supply

The above figure illustrates the market for corn. If point 'a' represents the original equilibrium and point 'b' the new equilibrium, which of the following could have caused the change?

Which of the following results in a movement upward along the demand curve for movies?

The phrase 'a change in demand' most directly implies a

A supply curve

A competitive market is in equilibrium. Then there is a decrease in demand and a decrease in supply. The equilibrium price ________, and the equilibrium quantity ________.

Market equilibrium occurs when

If good weather conditions result in a larger than normal crop of peaches, then the

A change in the demand for apples could result from any of the following EXCEPT

Which of the following does NOT increase the supply of personal computers, that is, does NOT shift the supply curve of personal computers?

The law of demand implies that, other things remaining the same,

If the price is below the equilibrium price,

Researchers have found a hybrid of corn that is cheaper to grow. This technological breakthrough

Suppose the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

A decrease in the price of a complement in production leads to

The downward slope of a demand curve

If the Motor Vehicle Builders' Union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of cars?

Scooters and bicycles are substitutes. Suppose the price of a bicycle falls. Which of the figures above best illustrates how this fall in price affects the demand curve for scooters?

In the above figure, the shift in the supply curve from S to S2 reflects

When demand increases and supply decreases by the same amount, the equilibrium quantity ________ and the equilibrium price ________.

Getting Started

The Australian and Global Economies

The Economic Problem

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Taxes

Global Markets in Action

Externalities

Public Goods and Common Resources

Consumer Choice and Demand

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition

Oligopoly

Markets for Factors of Production

Economic Inequality

Filters

A competitive market is in equilibrium. Then there is a decrease in demand and a decrease in supply. The equilibrium price , and the equilibrium quantity .

When demand increases and supply decreases by the same amount, the equilibrium quantity and the equilibrium price .