Supply and Demand

Which is not a shifter of demand?

An increase in the cost of a factor of production would lead to a/an

A supply increase would lead equilibrium price to

An increase in taxes on production would cause a/an

An increase in supply is illustrated by shifting the curve to the

A demand increase would lead equilibrium price to

A demand decrease would lead equilibrium price to

A supply decrease would lead equilibrium price to

A demand decrease would lead equilibrium quantity to

An increase in the price of a compliment would cause a/an

A decrease in demand is illustrated by shifting the curve to the

Which of the following is an example of substitutes?

A positive change to consumer taste would cause a/an

The shift in the graph represents a/an

The law of supply says that there is a ____ relationship between price and quantity

A price that is too high (above equilibrium) would lead to a

As consumer incomes rise, they buy more _____ goods

An increase in the number of producers would cause a/an

An increase in consumer income would cause a/an ______ for inferior goods

The shift in the graph represents a/an

Goods that are often bought together are known as

Which of the following is NOT a shifters of supply?

The law of demand says that there is a ____ relationship between price and quantity

The shift in the graph represents a/an

The shift in the graph represents a/an