Question 1

Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts ________, the equilibrium quantity of movie tickets will ________.

Accepted Answer

A) rightward; increase 
B) rightward; decrease 
C) leftward; increase 
D) rightward; not change 
E) leftward; not change 
A) rightward; increase 
B) rightward; decrease 
C) leftward; increase 
D) rightward; not change 
E) leftward; not change

Question 2

-Pizza is a normal good. In the above figure, the shift in the demand curve from D to D₂ can be the result of

Accepted Answer

A) a decrease in the price of soda, a complement to pizza. 
B) an increase in the price of hamburgers, a substitute for pizza. 
C) a decrease in income. 
D) a study that shows that pizza is a very healthy food. 
E) an increase in the cost of producing pizza. 
A) a decrease in the price of soda, a complement to pizza. 
B) an increase in the price of hamburgers, a substitute for pizza. 
C) a decrease in income. 
D) a study that shows that pizza is a very healthy food. 
E) an increase in the cost of producing pizza.

Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts , the equilibrium quantity of movie tickets will .

-Pizza is a normal good. In the above figure, the shift in the demand curve from D to D₂ can be the result of

Getting Started

The Us and Global Economies

The Economic Problem

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Exam 4: Demand and Supply

Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts ________, the equilibrium quantity of movie tickets will ________.

-Pizza is a normal good. In the above figure, the shift in the demand curve from D to D₂ can be the result of

Getting Started

The Us and Global Economies

The Economic Problem

Elasticities of Demand and Supply

Efficiency and Fairness of Markets

Government Actions in Markets

Global Markets in Action

Externalities: Pollution, Education, and Health Care

Production and Cost

Perfect Competition

Monopoly

Monopolistic Competition and Oligopoly

Gdp: a Measure of Total Production and Income

Jobs and Unemployment

The Cpi and the Cost of Living

Potential Gdp and Economic Growth

Money and the Monetary System

Aggregate Supply and Aggregate Demand

Fiscal Policy and Monetary Policy

Filters

Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts , the equilibrium quantity of movie tickets will .