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Supply and Demand Flashcards | StudBud
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Supply and Demand
Supply and Demand
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Answers
1
HP's headquarters are in CA Where was the earthquake that caused problems in their supply chain
Malaysia
Taiwan
Japan
Hong Kong
2
As the price of a service goes down, the quantity demanded goes in which direction?
up
stays the same
down
3
John's wages increase and he buys more movies. What will change?
quantity demanded
demand
4
Susan notices that the cost of ice cream increased Will this cause a shift in the demand curve?
no shift, a movement down the curve
yes, a shift to the right
yes, a shift to the left
no shift, a movement up the curve
5
Oil prices go in which direction?
increase
both directions
decrease
6
If the cost for inputs making car rises, What happens to the supply of cars?
decreases
increases
stays the same
7
In our recreation activity, what happened to the supply of labor as the wage decreased?
decreased
stayed the same
increased
8
If business taxes increase, what happens to the supply of clothing?
increases
stays the same
decreases
9
If the price of shoes increases, what will happen to the quantity demanded?
increase
decrease
stay the same
10
If there is a hurricane in Florida, what will happen to the supply curve for oranges?
shift to the right
shift to the left
movement along the supply curve