Supply And Demand Review 2017

True or False? Products with few substitutes are usually inelastic.

Which of the following is a factor that causes a change in the supply.

What type of curve is shown in the picture?

When a change in Demand increases the supply curve shifts ____________.

Which of the following could be the only one to cause the movement shown in the graph.

Which of the following is NOT a factor that affects elasticity of demand?

Which of the following choices could cause the movement shown in the graph of scarves?

The graph shows a...

What type of curve is shown in the picture?

Which graph shows inelastic demand?

If the price of movie videos increases from $10 to $14, the quantity supplied will...

A shift to the right in the demand curve for popcorn could be the result of...

Goods that are used together are called...

The law of supply states when prices go ______ the the quantity supplied ____________.

If a study finds that eating chocolate will cause diarrhea, what will happen?

Which of the following is not a cause of change in demand?

True or False? The forces of supply and demand set price floors and ceilings

Who do price ceilings help the most?

A sharp drop in the price of burgers may lead to an increase in demand for

Which of the following is an example of a price ceiling

True or False? An increase in the price of golf clubs will increase the demand for golf balls.

How does the quantity demanded of cookies change when the price drops from $1.25 to $0.75?

Demand is ___________ if the quantity demanded changes significantly as price changes.

When the government passes a price ceiling it ____ the price so it is ___ the equilibrium.

A product is MOST likely to be inelastic when

Why does the government enact price controls?

At what price will 400 movie videos l be supplied?

The law of demand states when prices go ______ then the quantity demand ________.

Which of the following goods is more inelastic?

Price ceilings usually result in...

If prices were set too low, what would result?

Who pays an excise tax?

A recession hit, many consumers lost their jobs. What effect would this have on home sales?

Goods and services that can be used in place of each other are called...

If Congress approves a subsidy for soy bean farmers, what will happen

What is market equilibrium?