Exam 4: Demand and Supply

Suppose that over the next few years the demand for dancing to country and western music decreases.Hence,at country and western dance clubs the equilibrium price of admission ________ and the equilibrium quantity of dancing ________.

When there is a surplus of snowboards,the

A market is defined as

Consider the market for turkeys.In the United States,because of Thanksgiving in the month of November,

Which of the following shifts the demand curve for movies leftward?

Over the next few years more and more people prefer to ride on scooters.Which of the figures above best illustrates how this change affects the demand curve for scooters?

A huge 50 percent off sale on golf clubs is advertised for next week.What happens this week in the market for golf clubs?

What leads to a decrease in the quantity supplied of a good or service?

-The figure above shows the market for iPods.Which of the following creates a movement from point A to point B?

-Using the data in the table above,the equilibrium quantity and equilibrium price for a cellular telephone is

The number of buyers of sport utility vehicles,SUV,decreases sharply.So the

If the price of tangerines increases,the price of oranges also rises because

-The above figure shows the market for game day t-shirts.If the price of t-shirts is $12,then

The market demand curve for mangos is

Consider the market for peanut butter.If there is an increase in the price of peanuts,

Which of the following increases the supply of a good and shifts its supply curve rightward?

One reason supply curves have an upward slope is because

Consider the market for bread.If the price of wheat rises,then the

The "law of demand" refers to the fact that,other things remaining the same,when the price of a good rises,

-In the above figure,the movement from point a to point b reflects