Supply & Demand Review

Name the determinant: A union is broken and wages fall.

In the soft drink market, what shifts when the price of Cheetos, a complement, increases?

In the soft drink market, what shifts if the price of bottled water, a substitute, increases?

In the soft drink market, what shifts when a machine is used that increases efficiency?

In the soft drink market, what shifts when the government gives soda makers a subsidy?

If the price of air conditioners falls, there will be _______.

Name the determinant: Technology lowers the price of a complementary good.

Name the determinant: A rival goods price falls.

Name the determinant: A new firm begins to produce a profitable good.

Name the determinant: Successful advertising.

Which of the following is most likely to increase the demand for hot dog buns?

In the soft drink market, what shifts when widespread prosperity increases incomes?

In the soft drink market, what shifts if the price of corn syrup increases?