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If the cost of producing baseball cards declines

If a company produces 2 million of a product but only 1 million are demanded the result is?

Supply and Demand

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Answers

1
If a company produces 2 million of a product but only 1 million are demanded the result is?
supply
demand
surplus
shortage
2
If the cost of producing baseball cards declines
supply will increase and price decrease
supply will decrease and price increases
supply will increase and price increase
supply will decrease and price decrease
3
Which event would cause a decrease in the price of cherries?
cherry production increases
disease damages 20% of cherry plants
frost destroys cherry blossoms
consumers demand more cherries
4
What causes a change in demand?
Price
Tastes and preferences
Income
Substitutes and complements
5
The law of demand states
As prices increase, supply falls
As prices increase, demand falls
As prices increase, demand increases
As prices increase, supply increases
6
What Causes a Change in Supply?
Change in the cost of input / Factors of Production
All the answers are correct
Technological Advances / Productivity
Weather/Natural Disasters
7
As price goes up, companies are willing to produce more products?
equilibrium price
law of supply
law of demand
scarcity
8
What would happen if the price of movie tickets increased?
fewer DVDs would be sold
more movie tickets would be sold
more popcorn would be sold
fewer movie tickets would be sold
9
The point were supply and demand meet is called?
scarcity
opportunity cost
law of demand
equilibrium price
10
A famous actor gets a new haircut, what is the result?
supply decreases
demand decreases
demand increases
supply decreases