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Demand & Supply - Identify the market response in the following scenarios. Flashcards | StudBud
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Demand & Supply - Identify the market response in the following scenarios.
Demand & Supply - Identify the market response in the following scenarios.
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StudBud Administration
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Economics GCSE
Flashcards
15 cards
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Practice quiz
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Host live
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Questions
15
Answers
1
The market for bus travel following introduction of a government subsidy to bus companies...
Decrease in supply
Increase in supply
Decrease in demand
Increase in demand
2
The market for laptops following a rise in the cost of raw materials...
Decrease in supply
Increase in demand
Decrease in demand
Increase in supply
3
The market for hot water bottles in a period of cold weather...
Increase in demand
Increase in supply
Decrease in supply
Decrease in demand
4
The market for beef following a government warning that it may cause health problems...
Decrease in supply
Increase in supply
Decrease in demand
Increase in demand
5
The market for tea following a fall in the price of coffee...
Increase in supply
Decrease in demand
Increase in demand
Decrease in supply
6
The market for fruit juice following a successful advertising campaign...
Increase in supply
Decrease in supply
Decrease in demand
Increase in demand
7
The market for t-shirts following a fall in number of suppliers as jeans are more profitable...
Increase in supply
Increase in demand
Decrease in supply
Decrease in demand
8
The market for tennis balls following a fall in the price of tennis rackets...
Decrease in supply
Increase in supply
Increase in demand
Decrease in demand
9
The market for mobile phones following a fall in the cost of raw materials...
Increase in demand
Decrease in supply
Increase in supply
Decrease in demand
10
The market for supermarket own-brand pasta following an increase in income...
Increase in demand
Decrease in demand
Decrease in supply
Increase in supply
11
The market for fish following an illness causing the depletion of fish stocks
Increase in demand
Increase in supply
Decrease in demand
Decrease in supply
12
The market for fast food following the imposition of a government tax on fatty foods...
Increase in supply
Increase in demand
Decrease in supply
Decrease in demand
13
The market for beer following the introduction of new technology that reduces brewing time...
Increase in supply
Decrease in supply
Increase in demand
Decrease in demand
14
The market for wheat following an excellent growing season...
Increase in supply
Decrease in demand
Increase in demand
Decrease in supply
15
The market for cars following an increase in income...
Decrease in supply
Increase in supply
Decrease in demand
Increase in demand