Multiple Choice
(Figure: Market Shifts) Suppose that the demand curve in both markets shifts out by the same distance. The change in price will be larger in _____, and the change in quantity will be larger in _____.
A) market A; market A
B) market A; market B
C) market B; market A
D) market B; market B
Correct Answer:

Verified
Correct Answer:
Verified
Q55: (Figure: Total Expenditures) As the price of
Q56: In each of the following cases, predict
Q57: (Figure: Market for Asparagus II) At what
Q58: Suppose that the inverse demand curve for
Q59: If a 10% increase in the price
Q61: The supply curve of rubber balls is
Q62: Genetically modified soybean seed is an example
Q63: Two firms, Boeing and Airbus, produce large
Q64: An increase in the price of computer
Q65: (Figure: Price and Quantity of Turkeys I)