stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Supply & Demand Q16 Review 2023 and 2024 Flashcards | StudBud
Explore
/
Supply & Demand Q16 Review 2023 and 2024
Supply & Demand Q16 Review 2023 and 2024
16 terms
·
StudBud Administration
·
783 plays
Imported from external platform
Flashcards
16 cards
F
Practice quiz
P
Host live
L
Questions
16
Answers
1
Change in taste and/or preference causes a shift in:
Supply
Demand
2
Change in Price of a related Good causes a shift in:
Supply
Demand
3
Change in expectations causes a shift in:
Demand
Supply
4
Change in Population causes a shift in:
Supply
Demand
5
If you think there will be less supply:
the curve will shift upward and slightly left
the curve will shift downward and slightly right
6
The double shift below shows Eq:
cannot be determined
increases
decreases
7
Change in the price of a resource good causes a shift in:
Supply
Demand
8
If you think there will be more supply:
the curve will shift to the right
the curve will shift to the left
9
Change technology causes a shift in:
Demand
Supply
10
Change taxes causes a shift in:
Supply
Demand
11
Change in the price of a complement causes a shift in:
Supply
Demand
12
The double shift below shows Ep:
cannot be determined
decreases
increases
13
Change in weather causes a shift in:
Demand
Supply
14
Change in the price of a substitute causes a shift in:
Demand
Supply
15
Change in Income causes a shift in:
Supply
Demand
16
Which change affects the demand for inferior goods?
Income
Taste & Preference
Price of Related Goods
Population
