Exam 4: Demand and Supply

arrow
  • Select Tags
search iconSearch Question
flashcardsStudy Flashcards
  • Select Tags

Bagels and cream cheese are complementary goods.Suppose that the price for flour,which is used to produce bagels,increases.The equilibrium price of cream cheese ________,and the equilibrium quantity of cream cheese ________.

(Multiple Choice)
4.8/5
(40)

For consumers,taco chips and salsa are complements.If the price of salsa rises,what is the effect on the equilibrium price and quantity of taco chips?

(Multiple Choice)
4.8/5
(41)

  -The above figures show the market for HD televisions.If the technology used to produce these televisions advances so that productivity increases,which figure shows the effect of this change? -The above figures show the market for HD televisions.If the technology used to produce these televisions advances so that productivity increases,which figure shows the effect of this change?

(Multiple Choice)
4.8/5
(39)

What is the "quantity demanded"?

(Multiple Choice)
4.8/5
(37)

When the price of rice rises,

(Multiple Choice)
4.8/5
(43)

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

(Multiple Choice)
4.7/5
(44)

Changes in which of the following factors do NOT shift the demand curve?

(Multiple Choice)
4.7/5
(35)

The quantity supplied of a good,service,or resource is ________ during a specified period and at a specified price.

(Multiple Choice)
4.9/5
(38)

  -The above figures show the market for HD televisions.Blu-ray players can be used to play HD movies.If the price of blu-ray players falls,then which figure shows the effect of this change in the market for HD televisions? -The above figures show the market for HD televisions.Blu-ray players can be used to play HD movies.If the price of blu-ray players falls,then which figure shows the effect of this change in the market for HD televisions?

(Multiple Choice)
4.9/5
(33)

There are five hundred buyers in the market for cheese.If we know each individual's demand curves,to find the market demand,we must

(Multiple Choice)
4.9/5
(39)

Hot dogs and hot dog buns are complements.If the price of a hot dog falls,then

(Multiple Choice)
4.9/5
(30)

Mulch is shredded wood and is a by-product in the production of lumber.Because these two goods are produced together,they are

(Multiple Choice)
4.7/5
(40)

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

(Multiple Choice)
4.8/5
(32)

  -The graph illustrates the supply of sweaters.Which of the following events will increase the supply of sweaters? -The graph illustrates the supply of sweaters.Which of the following events will increase the supply of sweaters?

(Multiple Choice)
4.8/5
(34)

  -Which figure above shows the effect of an increase in the cost of the tomato sauce used to produce pizza? -Which figure above shows the effect of an increase in the cost of the tomato sauce used to produce pizza?

(Multiple Choice)
4.8/5
(41)

Which of the following is true regarding demand? I.Demand is the relationship between quantity demanded and the price of a good when all other influences on buying plans remain the same. Ii.Demand refers to one quantity at one time. Iii."Demand" and "quantity demanded" are the same thing.

(Multiple Choice)
4.8/5
(40)

Suppose the equilibrium price of movie tickets is $10.If the supply curve for movies shifts ________,the equilibrium price will ________.

(Multiple Choice)
4.9/5
(45)

When does a surplus occur?

(Essay)
4.7/5
(38)

Kiwis and strawberries are substitutes for consumers.An increase in the price of a kiwi coupled with an increase in the number of strawberry growers ________ the equilibrium price of a pound of strawberries and ________ the equilibrium quantity of strawberries.

(Multiple Choice)
4.8/5
(44)

Which of the following describes the law of demand? When other things remain the same,as

(Multiple Choice)
4.8/5
(42)
Showing 161 - 180 of 334
close modal

Filters

  • Essay(0)
  • Multiple Choice(0)
  • Short Answer(0)
  • True False(0)
  • Matching(0)