The price of berries increases.

No shift in the curve, but # of berries supplied increases

The best pie-making oven becomes illegal for safety reasons.

This decreases the supply of pie.

XYZ extracts 17% of the world's copper, but it goes on an employee strike.

The supply curve of copper shifts left., The price of copper increases.

Which of the following statements is false?

Demand for inferior goods increases as income increases

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CIA4U - 2.3 - Demand and Supply

12 termsStudBud Administration51 plays

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Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
The price of lumber decreases. This shifts the supply of new houses to the ____.
Left
Right
2
Mary will charge more for her muffins. How does this affect the demand curve for her muffins?
A shift left
A shift right
A movement along the curve
It does not affect the demand curve
3
The price of berries increases.
No shift in the curve, but # of berries supplied decreases
The supply curve shifts right
The supply curve shifts left
No shift in the curve, but # of berries supplied increases
4
10,000 people moved away from Venice last year. What does this to its demand curve for oranges?
A movement along the curve
A shift left
It does not affect the demand curve
A shift right
5
The best pie-making oven becomes illegal for safety reasons.
This increases the supply of pie.
This increases the supply of pi.
This decreases the supply of pie.
This decreases the supply of pi.
6
On the following image, which letter represents Price?
A
B
D
C
7
The price of laptops increases. How does this affect the demand curve for speakers?
It does not affect the demand curve
A shift left
A movement along the curve
A shift right
8
XYZ extracts 17% of the world's copper, but it goes on an employee strike.
The supply curve of copper shifts left.
The price of copper increases.
The supply curve of copper shifts right.
The supply curve of copper overall is unaffected.
9
People start to like pizza more. How does this affect the demand curve for 7-eleven sandwiches?
It does not affect the demand
A shift right
A movement along the curve
A shift left
10
On the following image, which of the following is demand?
D
A
C
B
11
Which of the following statements is false?
Demand for inferior goods increases as income increases
A change in price is a movement along the demand curve
Expectations is 1 of the 5 factors that shifts demand curves
A demand increase is a shift to the right
12
A town strikes oil and becomes rich! How does this affect the demand of normal goods?
A movement along the curve
A shift right
A shift left
It does not affect the demand

CIA4U - 2.3 - Demand and Supply Flashcards | StudBud

CIA4U - 2.3 - Demand and Supply

12 termsStudBud Administration51 plays

---

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
The price of lumber decreases. This shifts the supply of new houses to the ____.
Left
Right
2
Mary will charge more for her muffins. How does this affect the demand curve for her muffins?
A shift left
A shift right
A movement along the curve
It does not affect the demand curve
3
The price of berries increases.
No shift in the curve, but # of berries supplied decreases
The supply curve shifts right
The supply curve shifts left
No shift in the curve, but # of berries supplied increases
4
10,000 people moved away from Venice last year. What does this to its demand curve for oranges?
A movement along the curve
A shift left
It does not affect the demand curve
A shift right
5
The best pie-making oven becomes illegal for safety reasons.
This increases the supply of pie.
This increases the supply of pi.
This decreases the supply of pie.
This decreases the supply of pi.
6
On the following image, which letter represents Price?
A
B
D
C
7
The price of laptops increases. How does this affect the demand curve for speakers?
It does not affect the demand curve
A shift left
A movement along the curve
A shift right
8
XYZ extracts 17% of the world's copper, but it goes on an employee strike.
The supply curve of copper shifts left.
The price of copper increases.
The supply curve of copper shifts right.
The supply curve of copper overall is unaffected.
9
People start to like pizza more. How does this affect the demand curve for 7-eleven sandwiches?
It does not affect the demand
A shift right
A movement along the curve
A shift left
10
On the following image, which of the following is demand?
D
A
C
B
11
Which of the following statements is false?
Demand for inferior goods increases as income increases
A change in price is a movement along the demand curve
Expectations is 1 of the 5 factors that shifts demand curves
A demand increase is a shift to the right
12
A town strikes oil and becomes rich! How does this affect the demand of normal goods?
A movement along the curve
A shift right
A shift left
It does not affect the demand