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Duplicate of Demand and supply changes Flashcards | StudBud

Explore/Duplicate of Demand and supply changes

A rise in the price of a complement would cause:

A fall in income tax rates will cause:

Duplicate of Demand and supply changes

7 terms·StudBud Administration·34 plays

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Questions 7

Answers

1
A fall in income tax rates will cause:
Price and quantity to rise
Price to fall and quantity to rise
Price to rise and quantity to fall
Price and quantity to fall
2
A rise in the price of a complement would cause:
Price to rise and quanitity to fall
Price and quantity to rise
Price to fall and quantity to rise
Price and quantity to fall
3
A rise in the price of a substitute and a decrease in production costs will cause:
Quantity to fall and price to rise
Price and quantity to fall
Quantity to rise but price might not change
Quantity to rise and price to fall
4
An improvement in technology and a rise in interest rates will cause:
Price and quantity to fall
Price to fall but quantity might remain unchanged
Price and quantity to rise
Price to fall and quantity to rise
5
A good becomes fashionable but costs of production increase. This will cause:
Price to rise but quantity might remain the same
Price to rise and quantity to fall
Price to fall and quantity to rise
Price and quantity to rise
6
An increase in productivity will cause:
Price and quantity to rise
Price and quantity to rise
Price to fall and quantity to rise
Price to rise and quantity to fall
7
A rise in workers wages will cause:
Price to fall and quantity to rise
Price and quantity to rise
Price to rise and quantity to fall
Price and quantity to fall