A drop in the price of product A, will lead to ...

a decrease in the quantity supplied of A

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Review of Mod 5/6

12 termsStudBud Administration255 plays

#supplyanddemand

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
A drop in the price of product A, will lead to ...
a decrease in the quantity supplied of A
an increase in the quantity supplied of A
a decrease in the supply of A
a decrease in the demand for product A
2
Two substitutes in production (producers use same resources to make) might be...
tires and handbags
corn and bananas
coconuts and bicycles
pizza and calzones
3
When producers have to choose between making one product or another, the products are called
Substitutes in production
expectations
Compliments in production
inputs
4
Supply problems: Think like a producer. Producers want...
reduced consumption
low demand
high prices
low prices
5
By-products of the production process will be ___________ in the marketplace.
substitutes in production
compliments in Production
consumer compliments
subsitutes
6
An increase in wages at Dunkin' Donuts will lead to ...
an increase in supply of coffee
no change in supply of coffee
a decrease in supply of coffee
an decrease in the cost of coffee
7
If the price of peanut butter rises, then the supply of Reeses Cups will ...
80's commercials were cool!
decrease
stay the same
increase
8
If I typically buy two products together then they are called...
consumer compliments
consumer substitutes
consumer expectations
consumer inputs
9
Demand problems: Think like a consumer. Consumers want...
low prices
to produce less
high prices
to produce more
10
If the price of cowhides decreases, then the supply of meat will...
decrease
ewww...
increase
not change
11
If I the price of peanut butter increases, then the demand for jelly will...
Mmmmm...
stay the same
increase
decrease
12
Downward movement along the demand curve indicates..?
a change in quantity supplied
a change in demand
a change in quantity demanded
a change in supply

Review of Mod 5/6 Flashcards | StudBud

Review of Mod 5/6

12 termsStudBud Administration255 plays

#supplyanddemand

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
A drop in the price of product A, will lead to ...
a decrease in the quantity supplied of A
an increase in the quantity supplied of A
a decrease in the supply of A
a decrease in the demand for product A
2
Two substitutes in production (producers use same resources to make) might be...
tires and handbags
corn and bananas
coconuts and bicycles
pizza and calzones
3
When producers have to choose between making one product or another, the products are called
Substitutes in production
expectations
Compliments in production
inputs
4
Supply problems: Think like a producer. Producers want...
reduced consumption
low demand
high prices
low prices
5
By-products of the production process will be ___________ in the marketplace.
substitutes in production
compliments in Production
consumer compliments
subsitutes
6
An increase in wages at Dunkin' Donuts will lead to ...
an increase in supply of coffee
no change in supply of coffee
a decrease in supply of coffee
an decrease in the cost of coffee
7
If the price of peanut butter rises, then the supply of Reeses Cups will ...
80's commercials were cool!
decrease
stay the same
increase
8
If I typically buy two products together then they are called...
consumer compliments
consumer substitutes
consumer expectations
consumer inputs
9
Demand problems: Think like a consumer. Consumers want...
low prices
to produce less
high prices
to produce more
10
If the price of cowhides decreases, then the supply of meat will...
decrease
ewww...
increase
not change
11
If I the price of peanut butter increases, then the demand for jelly will...
Mmmmm...
stay the same
increase
decrease
12
Downward movement along the demand curve indicates..?
a change in quantity supplied
a change in demand
a change in quantity demanded
a change in supply