Supply & Demand Review

After this sign went up, attendance at the ballpark increased. What demand shifter is this?

Ben doesn't buy a good because he thinks it will go on sale later. What demand shifter is this?

According to the law of demand, when price goes up demand goes

The price of oatmeal goes up. (Supply or Demand) for cereal will (increase or decrease).

Which of the following is a supply shifter?

Which of the following is a factor that influences elasticity of demand?

What type of curve is shown here?

The price of corn increases. Which factor explains the supply shift for a cereal producer?

If many people are laid off from their jobs in a region, which curve will likely shift?

Which supply shifter is being displayed in the picture?

Which of the following is the best example of complementary goods?

A new machine allows producers to make goods faster. Which supply shifter is this?

Which of the following is an example of substitute goods?

When it comes to elasticity of demand, which product is the most elastic to the average person?

According to the law of supply, when the price goes up the supply________

When the supply curve shifts to the right, it means a _________in supply.