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Duplicate of Supply & Demand Determinants Flashcards | StudBud
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Duplicate of Supply & Demand Determinants
Duplicate of Supply & Demand Determinants
20 terms
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StudBud Administration
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136 plays
What determines whether the supply or demand curve will shift?
Flashcards
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Questions
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Answers
1
Who sets the price in a free market economy?
The Government
The Tribal Leaders
The Price Wizard
Buyer and Seller
2
Government subsidizes farmers to grow soy beans.
Demand Curve
Supply Curve
3
All government employees get a 10% raise and cry let's go shopping!
Demand Curve
Supply Curve
4
Hurricane Ian headed for Atlantic Coast, flashlight sales up!
Supply Curve
Demand Curve
5
Change in the price of factors of production?
Supply Curve
Demand Curve
6
Change in consumer taste for products like silly bandz?
Demand Curve
Supply Curve
7
We use the equilibrium to help us find the?
Supply and Demand Curves
Quantity Supplied
Market Price
Price Axis
8
When the supply of a gas is low we shift the supply curve?
Left
RightL
9
When people reach for the Coke instead of Pepsi because of a sale.
Demand Curve
Supply Curve
10
The amount of a product producers are willing to sale at different prices.
Demand
Supply
11
Music labels stop making Cd's, Sony announces they no longer will make CD players.
Demand Curve
Supply Curve
12
When the demand increases we shift the demand curve?
Left
Right
13
The demand for diapers went up with record high new babies this past month.
Number of Sellers
Substitutes
Consumer Tastes
Number of Consumers
14
The number of wireless companies decreases and Verizon and AT&T merge to form one company.
Supply Curve
Demand Curve
15
New robots make cars faster and cheaper will shift the?
Demand Curve
Supply Curve
16
The amount of a product or services consumers are willing to buy at different prices.
Supply
Demand
17
Town grows by 45% over the last ten years, during that time five new grocery stores open.
Demand Curve
Supply Curve
18
1975 law required cars to run on unleaded fuel, production of lead cars stops.
Demand Curve
Supply Curve
19
Batteries and flashlights are?
Subsitutes
Change in technology
Consumer Income
Complimentary Goods
20
Volkswagen stops making car trucks to focus on sedans and magic buses.
Supply Curve
Demand Curve
