Duplicate of Supply Demand shifters Mrs R econ class

Question 1

Due to the drought, farmers are given a subsidy for water. What happens to lettuce?

Accepted Answer

supply increases

Question 2

all of the following will shift a demand curve except

Accepted Answer

change in cost of inputs

Question 3

It's discovered that VW has been illegally smogging cars. What happens in the market 4 Hondas?

Accepted Answer

demand increases

Question 4

Tourists flock to Tahoe to ski this winter, how does this affect lift tickets?

Accepted Answer

demand increases

Question 5

new studies show that green tea is good for your health

Accepted Answer

demand increases

Question 6

The new McDonalds burns down. What happens to hamburgers?

Accepted Answer

supply decreases

Question 7

workers at Pier Park receive higher wages, what happens to designer sunglasses?

Accepted Answer

demand increases

Question 8

new technology makes the production of toilet paper faster

Accepted Answer

supply increases

Question 9

a change in price

Accepted Answer

is a move along the curve

Question 10

government increases the taxes farmers must pay, what happens to strawberries

Accepted Answer

supply decreases

Question 11

HNES families head to Mexico for a vacation, what happens to hotel rooms in Mexico?

Accepted Answer

demand increases

Question 12

the law of demand:

Accepted Answer

as price increases quantity demanded decreases

Question 13

all of the following will affect supply except

Accepted Answer

change in number of consumers

Question 14

a new pizza shop opens in town, now there are two

Accepted Answer

supply increases

Question 15

The price of tacos increases, how will this affect the demand for burgers?

Accepted Answer

increases demand

Question 16

New craze breaks out for wearing headbands

Accepted Answer

demand increases

Question 17

The iPhone 6S is released, how will this affect the iPhone 6?

Accepted Answer

demand iphone6 decreases

Question 18

A huge drought wipes out grapes, how will the affect the supply of grape jelly?

Accepted Answer

supply decreases

Question 19

the cost of toothbrushes increases, what happens to toothpaste

Accepted Answer

demand decreases

Question 20

There is a sale on hotdog buns. How does this affect hot dogs?

Accepted Answer

demand increases

Question 21

The price of replacement lead decreases, what happens to mechanical pencils?

Accepted Answer

demand increases

Question 22

a new tax is added to cigarette production

Accepted Answer

supply decreases

Question 23

it is discovered that eating red meat helps you loose weight

Accepted Answer

demand increases

Question 24

There will be a sale on Xbox systems next week, what happens this week?

Accepted Answer

demand decreases

Question 25

The willingness and ability of producers to sell a good at a given price

Accepted Answer

supply

Duplicate of Supply Demand shifters Mrs R econ class

Questions 25

Duplicate of Supply Demand shifters Mrs R econ class

Questions 25