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Beaver Supply and Demand Changes Flashcards | StudBud
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Beaver Supply and Demand Changes
Beaver Supply and Demand Changes
12 terms
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StudBud Administration
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23 plays
Shifts in Supply and Demand
Flashcards
12 cards
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Practice quiz
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Host live
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Questions
12
Answers
1
Market: BACON | News: Swine flu sweeps through American pig farms killing pigs. What changes?
Supply shifts left
Supply shifts right
Demand shifts right
Demand shifts left
2
Market: BACON | News: Swine flu devastates American pig farms. What caused this???
Tastes
Costs of production
Technology
Number of Sellers
3
Market: RESTAURANTS | News: Recession lowers Americans' take-home pay. What caused this?
Inputs.
Income.
Tastes.
Price Expectations.
4
Market: BALLPOINT PENS | News: Price of mechanical pencils drops. DETERMINANT?
Input.
Related Goods.
Income.
Price Expectations.
5
Market: RESTAURANTS | News: Recession lowers Americans' take-home pay.
Demand shifts left.
Supply shifts left.
Demand shifts right.
Supply shifts right.
6
Market: JELLO | News: Grandmas prefer cupcakes to traditional gelatin desserts.
Supply shifts left.
Demand shifts right.
Demand shifts left.
Supply shifts right.
7
Market: BBQ SAUCE | News: Shortage of feed grain raises prices for meat and people aren't buying meat.
Demand shifts left.
Supply shifts right.
Demand shifts right.
Supply shifts left.
8
Market: WHEAT | News: GPS-enabled tractors operate 24/7.
Supply shifts left.
Demand shifts left.
Supply shifts right.
Demand shifts right.
9
Market: JELLO | News: Grandmas prefer cupcakes to traditional gelatin desserts. What caused this?
Price Expectations.
Technology.
Inputs.
Tastes.
10
Market: BALLPOINT PENS | News: Price of mechanical pencils drops.
Demand shifts left.
Supply shifts right.
Supply shifts left.
Demand shifts right.
11
Market: WHEAT | News: GPS-enabled tractors operate 24/7. What caused this?
Related Goods.
Technology.
Number of Sellers.
Inputs.
12
Market: BBQ SAUCE | News: Shortage of feed raises prices for pork, beef, chicken. What caused this?
Technology.
Tastes.
Related Goods.
Price Expectations.
