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Econ Graphing Changes Demand Supply and Equilibrium Flashcards | StudBud
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Econ Graphing Changes Demand Supply and Equilibrium
Econ Graphing Changes Demand Supply and Equilibrium
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Chapter 5 & 6 Graphing Review #tamoclassECON
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
In the figure, the shift in the supply curve from
S
to
S
2 reflects
an increase in the quantity of pizza supplied.
an increase in the supply of pizza.
a decrease in the quantity of pizza supplied.
a decrease in the supply of pizza.
2
In the figure, the shift in the demand curve from
D
to
D
2 can be the result of
a change in quantity demanded.
an increase in the price of a complement to pizza.
a decrease in the supply of pizza that raises the price
an increase in the price of a substitute for pizza.
3
In the figure, the shift in the demand curve from
D
to
D
1 can be the result of
an increase in the price of a substitute for pizza.
a change in quantity demanded.
an increase in the price of a complement to pizza.
an increase in the price of pizza.
4
In the figure, the shift in the demand curve from
D
to
D
1 can be the result of
a decrease in income.
an increase in the price of a complement to pizza.
a decrease in the price of a substitute for pizza.
an increase in the number of teens, all who eat more pizza
5
People prefer scooters. Which best illustrates how this affects the demand for scooters?
Figure D
Figure A
Figure C
Figure B
6
The number of logging firms increases. Which of the figures best illustrate this change?
Figure D
Figure C
Figure A
Figure B
7
Government passes law restricting logging. Which figure best illustrate this change?
Figure A
Figure B
Figure C
Figure D
8
If "
a
" represents the original and "
b
" the new equilibrium, which could have caused the change?
there has been a change in the quantity supplied
there has been an increase in supply.
no change in supply
there has been an increase in demand.
9
The price of a bicycle falls. Which best illustrates how this affects the demand for scooters?
Figure D
Figure C
Figure B
Figure A
10
In the figure, an increase in cost of the cheese used to produce pizza
results in a movement from point b to point a.
shifts the supply curve from S to S1.
shifts the supply curve from S to S2.
results in a movement from point a to point b.
11
In the figure, the shift in the demand curve from
D
to
D
2 can be the result of
an increase in the cost of producing pizza.
an increase in the price of a substitute for pizza.
a decrease in income.
a decrease in the price of a complement to pizza.
12
If "
a
" represents the original and "
b
" the new equilibrium, which could have caused the change?
an increase in consumers' income
an increase in consumers' preferences for corn
an increase in labor costs of producing corn
an improvement in the technology of producing corn
13
The price of bricks to build walls increases. Which of the figures best illustrate this change?
Figure D
Figure A
Figure B
Figure C
14
If "
a
" represents the original and "
b
" the new equilibrium, which could have caused the change?
an increase in income
an increase in the number of corn growers
an increase in the cost of the fertilizer used to grow corn
an increase the price of wheat, a substitute for corn
15
Many new buildings need plywood for framing. Which of the figures best illustrate this change?
Figure C
Figure B
Figure D
Figure A
16
New technology for producing plywood is developed. Which figure best illustrate this change?
Figure D
Figure B
Figure A
Figure C
17
Price of gasoline rises. Which best illustrates how this affects the demand for scooters?
Figure C
Figure D
Figure A
Figure B
18
Buyers' incomes decrease. Which best illustrates how this affects the demand for scooters?
Figure C
Figure D
Figure A
Figure B
19
If "
a
" represents the original and "
b
" the new equilibrium, which could have caused the change?
a decrease in the number of corn growers
a decrease the price of corn next year
an increase in the cost of the seed used to grow the corn
an decrease in buyers' incomes
20
In the figure, the shift in the supply curve from
S
to
S
2 might reflect
an increase in income.
a decrease in the cost of the tomato sauce
an increase in the price of a pizza.
a decrease in the number of pizza producers.
21
In the figure, the shift in the supply curve from
S
to
S
1 reflects
an increase in the supply of pizza.
a decrease in the supply of pizza.
a decrease in the quantity of pizza supplied.
an increase in the quantity of pizza supplied.
22
In the figure, the movement from point
a
to point
b
reflects
an increase in the demand for pizza.
an increase in the number of people who eat pizza.
a decrease in the number of firms producing pizza.
a decrease in the price of pizza.
23
In the figure, ____ will shift in the demand curve from
D
to
D
1.
a decrease in the price of a substitute for pizza
an article that says eating pizza is good for your health
an increase in income
expectation that pizza will be less expensive next week
24
In the figure, an increase in productivity
results in a movement from point b to point a.
results in a movement from point a to point b.
shifts the supply curve from S to S2.
shifts the supply curve from S to S1.
25
In the figure, the movement from point
a
to point
b
reflects
an increase in the supply of pizza.
an increase in the number of producers of pizza.
a decrease in the cost of the tomato sauce
an increase in the price of pizza.
