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Demand and Supply Curve Shifts Flashcards | StudBud
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Demand and Supply Curve Shifts
Demand and Supply Curve Shifts
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Flashcards
9 cards
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Questions
9
Answers
1
If the price of vegemite increases, then the demand of butter would:
increase
decrease
2
If wheat farms stop supplying to bakers delight will the supply of bread decreases?
False
True
3
If disposable income rises, would the:
Supply curve shift to the right
Demand curve shift to the left
Demand curve shift to the right
Supply curve shift to the left
4
When demand decreases, supply increases..
False
True
5
If prices in the canteen continue to rise how will this effect the demand curve
Shift to the left
Shift to the right
Movement along the demand curve
6
If the price for invisalign decreases will the demand of braces decrease
False
True
7
Why would demand of margarine increase?
Compliment
Supplement
Substitute
Complement
8
If a drought occurred on a dairy farm, what would happen to the market for margarine?
Supply would increase
Nothing
Demand will increase
Both supply and demand will increase
9
When supply increases, demand decreases
False
True