Economics Review Game (Unit 2)

What factor would cause the supply curve to shift from S1 to S2?

What would cause a movement on the supply curve from Y to X

This market structure contains a few businesses that control the entire market.

Jim decides to start a sole proprietorship. What is a negative aspect of doing this?

What would cause a movement from x to y?

What would cause the demand curve to shift from D2 to D1?

Utility companies that provide gas, water, or electricity are usually:

The line drawn at $30 would be an example of:

According to the law of supply, as price decreases:

Which is False concerning perfect competition?

According to the law of demand, as price increases:

The price floor on the graph would create a:

What would cause this to happen on the demand curve?

There is always limited liability for a stock holder in a corporation

A business with thousands of owners is called a:

What is the equilibrium price and QD/QS in this example?

A business with two or three owners is called a:

McDonald's and Burger King would be part of what market structure?

What factor would cause the supply curve to shift from S2 to S1?