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Changes in supply and demand Flashcards | StudBud
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Changes in supply and demand
Changes in supply and demand
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#supply&demand
Flashcards
16 cards
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Practice quiz
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Questions
16
Answers
1
The price of snowboards increase
↑ demand
↓ demand
↓ supply
↑ supply
2
The
price of skiis
decreases.
The effect on market for snowboards is:
↑ supply
↓ supply
↑ demand
↓ demand
3
New Zealand has an extra long summer and there is little snow in the winter. The effect is:
↑ supply
↓ demand
↓ supply
↑ demand
4
A
subsidy
is introduced for child-sized snowboards to encourage physical activity in winter.
↑ supply
↑ demand
↓ demand
↓ supply
5
The government has
banned
selling snowboards without helmets. The effect is:
↓ demand
↑ supply
↑ demand
↓ supply
6
Decrease
in income tax. The effect on market for snowboards is:
↑ supply
↓ supply
↓ demand
↑ demand
7
Better
technology
in the making of snowboards is invented
.
The effect is:
↓ supply
↑ demand
↓ demand
↑ supply
8
An
increase
in advertising for Mt. Ruapehu. The effect on the market for snowboards is:
↑ demand
↓ demand
↓ supply
↑ supply
9
A
subsidy
is introduced for child-sized snowboards to encourage physical activity in winter.
↑ supply
↓ demand
↑ demand
↓ supply
10
The materials required to make snowboards
decreases
. The effect on is:
↓ supply
↓ demand
↑ supply
↑ demand
11
The
price of skiis
decreases.
The effect on market for snowboards is:
↑ demand
↓ supply
↓ demand
↑ supply
12
A
tariff
is placed on all snowboards coming into NZ. The effect is:
↓ supply
↓ demand
↑ supply
↑ demand
13
A study has shown that snowboarding increases the chances of getting a concussion
↑ demand
↑ supply
↓ supply
↓ demand
14
Better
technology
in the making of snowboards is invented
.
The effect is:
↓ supply
↑ supply
↑ demand
↓ demand
15
The price of a snowboarding season pass has been discounted by half for all high schooler
↑ supply
↓ supply
↑ demand
↓ demand
16
Snowboarding is "in"
↓ demand
↑ demand
↑ supply
↓ supply