\[\begin{array} { | l | l | l | l | } \hline \begin{array} { l } \text { Price } \\ \text { (dollars per } \\ \text { disc) } \end{array} & \begin{array} { l } \text { Quantity } \\ \text { demanded } \end{array} & \begin{array} { l } \text { Price } \\ \text { (dollars per } \\ \text { disc) } \end{array} & \begin{array} { l } \text { Quantity } \\ \text { supplied } \end{array} \\ \hline 4 & 36,000 & 4 & 4,000 \\ \hline 8 & 32,000 & 8 & 8,000 \\ \hline 12 & 28,000 & 12 & 12,000 \\ \hline 16 & 24,000 & 16 & 16,000 \\ \hline 20 & 20,000 & 20 & 20,000 \\ \hline 24 & 16,000 & 24 & 24,000 \\ \hline 28 & 12,000 & 28 & 28,000 \\ \hline 32 & 8,000 & 32 & 32,000 \\ \hline 36 & 4,000 & 36 & 36,000 \\ \hline \end{array}\] -The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices. What are the new equilibrium quantity and equilibrium price of Blu-ray discs?

A) 16,000 and $16 B) 20,000 and $20 C) 28,000 and $28 D) 8,000 and $8 A) 16,000 and $16 B) 20,000 and $20 C) 28,000 and $28 D) 8,000 and $8

Exam 3: Demand and Supply

-The above figure shows the market for french fries at fast food joints. If the price of potatoes rises and simultaneously people become concerned that french fries can cause heart attacks the

(Multiple Choice)

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Question 361

Price (dollars per disc) Quantity demanded Price (dollars per disc) Quantity supplied 4 36,000 4 4,000 8 32,000 8 8,000 12 28,000 12 12,000 16 24,000 16 16,000 20 20,000 20 20,000 24 16,000 24 24,000 28 12,000 28 28,000 32 8,000 32 32,000 36 4,000 36 36,000 -The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices. What are the new equilibrium quantity and equilibrium price of Blu-ray discs?

(Multiple Choice)

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Question 362

Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?

(Multiple Choice)

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Question 363

If the price of chocolate chip cookies rises, then

(Multiple Choice)

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Question 364

-The figure above shows supply curves for soft drinks. Suppose the economy is at point a. A decrease in the price of sugar used to make soft drinks is shown as a movement from point a to a point such as

(Multiple Choice)

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Question 365

-The figure above shows the demand for fruit snacks. Which movement reflects a decrease in population?

(Multiple Choice)

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Question 366

An increase the expected future price of a good

(Multiple Choice)

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Question 367

-The above figures show the market for oranges. Which figures) shows the effect of existing orange growers increasing the size of their orange groves?

(Multiple Choice)

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Question 368

If the U.S. Surgeon General announces that increased wheat consumption could cause heightened anxiety levels among children and adults, what happens to the equilibrium price and quantity of shredded wheat?

(Multiple Choice)

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Question 369

Which of the following statements is TRUE?

(Multiple Choice)

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Question 370

-The above figure shows the market for hamburger. Which panel shows the effect of a drought in ʺcattle countryʺ?

(Multiple Choice)

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Question 371

What happens to the demand for Xbox games if the price of an Xbox falls?

(Multiple Choice)

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Question 372

In the market for chocolate chip cookies, if the demand decreases while the supply increases, the price definitely falls but the quantity might increase, decrease, or remain the same.

(True/False)

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Question 373

An increase in the number of consumers

(Multiple Choice)

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Question 374

If the price of an Xbox player falls, then in the market for Xbox games,

(Multiple Choice)

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Question 375

Which of the following shifts the supply curve of broccoli?

(Multiple Choice)

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Question 376

Young drivers often buy used cars. An increase in the legal driving age to twenty -one would result in a leftward movement along the demand curve for used cars, whereas lowering the age to fifteen would result in a rightward movement along the demand curve.

(True/False)

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Question 377

If both demand and supply increase, what will be the effect on the equilibrium price and quantity?

(Multiple Choice)

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Question 378

Consider gardening books. What will happen to the market for these books as gardening becomes more popular and simultaneously printing costs increase?

(Multiple Choice)

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Question 379

If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium

(Multiple Choice)

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Question 380

Showing 361 - 380 of 503

-The above figure shows the market for french fries at fast food joints. If the price of potatoes rises and simultaneously people become concerned that french fries can cause heart attacks the

Oatmeal is a normal good and cold cereal is a substitute for oatmeal. Raisins are a complement for oatmeal. Which of the following increases the demand for oatmeal?

If the price of chocolate chip cookies rises, then

-The figure above shows supply curves for soft drinks. Suppose the economy is at point a. A decrease in the price of sugar used to make soft drinks is shown as a movement from point a to a point such as

-The figure above shows the demand for fruit snacks. Which movement reflects a decrease in population?

An increase the expected future price of a good

-The above figures show the market for oranges. Which figures) shows the effect of existing orange growers increasing the size of their orange groves?

If the U.S. Surgeon General announces that increased wheat consumption could cause heightened anxiety levels among children and adults, what happens to the equilibrium price and quantity of shredded wheat?

Which of the following statements is TRUE?

-The above figure shows the market for hamburger. Which panel shows the effect of a drought in ʺcattle countryʺ?

What happens to the demand for Xbox games if the price of an Xbox falls?

In the market for chocolate chip cookies, if the demand decreases while the supply increases, the price definitely falls but the quantity might increase, decrease, or remain the same.

An increase in the number of consumers

If the price of an Xbox player falls, then in the market for Xbox games,

Which of the following shifts the supply curve of broccoli?

Young drivers often buy used cars. An increase in the legal driving age to twenty -one would result in a leftward movement along the demand curve for used cars, whereas lowering the age to fifteen would result in a rightward movement along the demand curve.

If both demand and supply increase, what will be the effect on the equilibrium price and quantity?

Consider gardening books. What will happen to the market for these books as gardening becomes more popular and simultaneously printing costs increase?

If the demand curve for bottled water shifts leftward and the supply curve of bottled water shifts leftward, the equilibrium

What Is Economics

The Economic Problem

Measuring Gdp and Economic Growth

Monitoring Jobs and Inflation

Economic Growth

Finance, Saving, and Investment

Money, the Price Level, and Inflation

The Exchange Rate and the Balance of Payments

Aggregate Supply and Aggregate Demand

Expenditure Multipliers: the Keynesian Model

U.S Inflation, Unemployment, and Business Cycle

Fiscal Policy

Monetary Policy

International Trade Policy

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