The shifting curve below illustrates

an increase in the number of suppliers

An event that could cause the shifting curve below is

an increase in the price of a complement

an event that could cause the shift in the curve below is

an increase in the price of a substitute

Other things equal, when the price of good X falls, the

quantity supplied of the good X decreases

Supply decreased, as shown in the graph. The change to price and quantity is

Price increased and quantity decreased

Demand decreased, as shown below. The resulting change to equilibrium price and quantity is

Price decreased and quantity decreased

Demand increased, as shown in the graph. The change to price and quantity is

Price increased and quantity increased

Supply increased, as shown in the graph. The resulting change to price and quantity is

Price decreased and quantity increased

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Demand and Supply

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Identify the causes and effects of shifting curves

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Questions 9

Answers

1
The shifting curve below illustrates
an increase in the number of suppliers
an increase in the price of the good
an increase in input prices
an increase in the price of a substitute
2
An event that could cause the shifting curve below is
an increase in the price of a complement
an increase in the price of a substitute
a decrease in the price of the good
an increase in input prices
3
an event that could cause the shift in the curve below is
an increase in the price of a complement
a decrease in an input price
an increase in supply
an increase in the price of a substitute
4
Other things equal, when the price of good X falls, the
quantity supplied of the good X increases
supply of good X decreases
supply of good X increases
quantity supplied of the good X decreases
5
Supply decreased, as shown in the graph. The change to price and quantity is
Price increased and quantity increased
Price decreased and quantity decreased
Price decreased and quantity increased
Price increased and quantity decreased
6
The shifting curve below could be caused by
A decrease in input prices
A decrease in the price of a complement
An increase in input prices
A decrease in the number of consumers
7
Demand decreased, as shown below. The resulting change to equilibrium price and quantity is
Price decreased and quantity increased
Price increased and quantity decreased
Price decreased and quantity decreased
Price increased and quantity increased
8
Demand increased, as shown in the graph. The change to price and quantity is
Price increased and quantity decreased
Price increased and quantity increased
Price decreased and quantity decreased
Price decreased and quantity increased
9
Supply increased, as shown in the graph. The resulting change to price and quantity is
Price decreased and quantity decreased
Price increased and quantity decreased
Price increased and quantity increased
Price decreased and quantity increased

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