stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Duplicate of Supply and Demand shifters Mrs R econ class Flashcards | StudBud
Explore
/
Duplicate of Supply and Demand shifters Mrs R econ class
Duplicate of Supply and Demand shifters Mrs R econ class
25 terms
·
StudBud Administration
·
49 plays
review for econ quiz on supply and demand shifters mrsreconclass mrs r econ class
Flashcards
25 cards
F
Practice quiz
P
Host live
L
Questions
25
Answers
1
A huge drought wipes out grapes, how will the affect the supply of grape jelly?
supply decreases
supply increases
no change
2
all of the following will affect supply except
change in gov. regulation
change in cost of inputs
change in technology
change in number of consumers
3
The iPhone 6S is released, how will this affect the iPhone 6?
demand iphone6 decreases
demand for iphone6 increases
supply iphone6 increases
supply iphone6 decreases
4
There will be a sale on Xbox systems next week, what happens this week?
demand increases
demand decreases
5
a change in price
affects demand
is a move along the curve
shifts the curve
6
government increases the taxes farmers must pay, what happens to strawberries
demand decreases
supply decreases
supply increases
demand increases
7
The price of tacos increases. How will this affect the demand for burgers?
increases demand
decreases demand
no change
8
The price of replacement lead decreases, what happens to mechanical pencils?
supply decreases
demand decreases
demand increases
supply increases
9
new technology makes the production of toilet paper faster
demand increases
demand decreases
supply decreases
supply increases
10
There is a sale on hotdog buns. How does this affect hot dogs?
supply decreases
demand decreases
supply increases
demand increases
11
It's discovered that VW has been illegally smogging cars. What happens in the market 4 Hondas?
demand decreases
supply increases
supply decreases
demand increases
12
a new pizza shop opens in town, now there are two
demand decreases
demand increases
supply decreases
supply increases
13
the cost of toothbrushes increases, what happens to toothpaste
demand decreases
supply increases
demand increases
supply decreases
14
it is discovered that eating red meat helps you loose weight
demand decreases
supply increases
demand increases
supply decreases
15
the law of demand:
as price increases so does demand
as price increases so does quantity demanded
as price increases quantity demanded decreases
16
all of the following will shift a demand curve except
change in cost of inputs
change in number of consumers
change in tastes
change in the price of a complimentary good
17
HNES families head to Mexico for a vacation, what happens to hotel rooms in Mexico?
demand increases
supply increases
demand decreases
supply decreases
18
The new McDonalds burns down. What happens to hamburgers?
supply decreases
demand decreases
supply increases
demand increases
19
Due to the drought, farmers are given a subsidy for water. What happens to lettuce?
demand increases
demand decreases
supply decreases
supply increases
20
a new tax is added to cigarette production
supply increases
supply decreases
demand increases
demand decreases
21
New craze breaks out for wearing headbands
supply decreases
demand increases
demand decreases
supply increases
22
Tourists flock to Tahoe to ski this winter, how does this affect lift tickets?
supply increases
demand decreases
supply decreases
demand increases
23
The willingness and ability of producers to sell a good at a given price
supply
demand
24
workers at Pier Park receive higher wages, what happens to designer sunglasses?
demand decreases
demand increases
supply decreases
supply increases
25
new studies show that green tea is good for your health
demand increases
demand decreases
supply increases
supply decreases
