A new, more efficient technology makes car manufacturing cheaper. What would happen to supply?

Supply would shift to the right (increase/out)

A shortage of iron makes steel more expensive. What happens to the supply curve?

The supply curve shifts to the left (decreases/in)

A decrease in the price of hotdogs would do what to the demand of hamburgers?

Shift the demand of hamburgers to the left (decrease/in)

Fidget spinners are featured in popular videos and shows. What would likely happen to demand?

Demand for fidget spinners would increase (shift right/out)

The government lowers the subsidies given to farmers. What would happen to the supply of wheat?

The supply of wheat would shift to the left (decrease/in)

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Supply and Demand!

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A quiz! to help students review what shifts supply and demand

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Questions 8

Answers

1
An increase in the price of hamburgers would do what to the demand of hamburgers?
Shift the demand curve left (in)
Increase the quantity demanded
Decrease the quantity demanded
Shift the demand curve right (out)
2
What is the total surplus after the supply shift?
1,300
650
1,000
350
3
A new, more efficient technology makes car manufacturing cheaper. What would happen to supply?
Quantity supplied would decrease
Supply would shift to the left (decrease/in)
Supply would shift to the right (increase/out)
Quantity supplied would increase
4
What is the consumer surplus after the increase in demand?
750
500
1,500
900
5
A shortage of iron makes steel more expensive. What happens to the supply curve?
The quantity supplied decreases
The supply curve shifts to the left (decreases/in)
The quantity supplied increases
The supply curve shifts to the right (increases/out)
6
A decrease in the price of hotdogs would do what to the demand of hamburgers?
Increase the quantity demanded of hamburgers
Shift the demand of hamburgers to the right (increase/out)
Decrease the quantity demanded of hamburgers
Shift the demand of hamburgers to the left (decrease/in)
7
Fidget spinners are featured in popular videos and shows. What would likely happen to demand?
Demand for fidget spinners would decrease (shift left/in)
Demand for fidget spinners would increase (shift right/out)
Quantity demanded of fidget spinners would decrease
Quantity demanded of fidget spinners would increase
8
The government lowers the subsidies given to farmers. What would happen to the supply of wheat?
The quantity supplied of wheat would increase
The supply of wheat would shift to the right (increase/out)
The supply of wheat would shift to the left (decrease/in)
The quantity supplied of wheat would decrease

Supply and Demand! Flashcards | StudBud