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Supply / Demand Shifts Flashcards | StudBud
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Supply / Demand Shifts
Supply / Demand Shifts
15 terms
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StudBud Administration
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1,939 plays
#supplydemandcurves
Flashcards
15 cards
F
Practice quiz
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Host live
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Questions
15
Answers
1
There are a lot of buyers interested in buying a new iPhone.
Supply shifts to Right
Demand shifts to the left
Demand shifts to the right
Supply shifts to left
2
A hard freeze in January destroys the entire orange crop for Florida farmers. No more OJ.
Supply shifts to Right
Supply shifts to left
Demand shifts to the right
Demand shifts to the left
3
Producers expect the price of their product to fall in the coming months. What happens today?
Supply shifts to left
Demand shifts to the right
Supply shifts to Right
Demand shifts to the left
4
Umbrella manufacturers smile at the future forecasts of rainy days until 2035. Rainy days means profit.
Demand shifts to the right
Demand shifts to the left
Supply shifts to Right
Supply shifts to left
5
Current manufacturing techniques are improved with new technology
Demand shifts to the right
Supply shifts to Right
Demand shifts to the left
Supply shifts to left
6
The price of a cheeseburger at Wendy's increases and there are lots of substitutes
Demand shifts to the left
Supply shifts to left
Supply shifts to Right
Demand shifts to the right
7
Milk and cookies are complementary goods and the price of milk goes up.
Demand shifts to the left
Supply shifts to Right
Supply shifts to left
Demand shifts to the right
8
Consumers expect egg prices to rise in 6 months because of Avian Bird Flu Epidemic. What happens now?
Demand shifts to the right
Supply shifts to left
Demand shifts to the left
Supply shifts to Right
9
The government starts taxing the production of Twinkies.
Supply shifts to left
Supply shifts to Right
Demand shifts to the right
Demand shifts to the left
10
Forrest Gump becomes the only shrimp boat captain in the Gulf of Mexico
Demand shifts to the right
Demand shifts to the left
Supply shifts to Right
Supply shifts to left
11
People no longer want to own Razor flip phones
Supply shifts to left
Demand shifts to the left
Supply shifts to Right
Demand shifts to the right
12
Food Magazine names Theo's Pizza as "the best pizza on the planet"
Supply shifts to left
Demand shifts to the right
Supply shifts to Right
Demand shifts to the left
13
Farmers receive subsidies for not planting crops
Demand shifts to the left
Supply shifts to Right
Demand shifts to the right
Supply shifts to left
14
Producers expect prices of Pet Rocks to increase next week by 200%. What happens now?
Demand shifts to the right
Supply shifts to Right
Demand shifts to the left
Supply shifts to left
15
The Government cuts taxes on businesses
Supply shifts to left
Supply shifts to Right
Demand shifts to the right
Demand shifts to the left