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Demand/Supply Curve Shifts Flashcards | StudBud
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Demand/Supply Curve Shifts
Demand/Supply Curve Shifts
12 terms
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StudBud Administration
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508 plays
Is it a demand or supply curve shift?
Flashcards
12 cards
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Practice quiz
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Questions
12
Answers
1
There is a decrease in price of a complement good
Decrease Demand
Decrease Supply
Increase Supply
Increase Demand
2
The price of a substitute good falls
Increase Supply
Decrease Demand
Decrease Supply
Increase Demand
3
A newer, trendier version of the product has been released.
Increase Demand
Decrease Supply
Decrease Demand
Increase Supply
4
Faster manufacturing technology is released
Decrease Demand
Increase Supply
Increase Demand
Decrease Supply
5
Decreased quota
Decrease Supply
Decrease Demand
Increase Supply
Increase Demand
6
There is a rise in household incomes
Decrease Demand
Increase Supply
Increase Demand
Decrease Supply
7
A celebrity endorses the product
Decrease Demand
Increase Supply
Decrease Supply
Increase Demand
8
An increase in personal tax rates
Increase Demand
Decrease Supply
Increase Supply
Decrease Demand
9
Increase in price of another good the firm manufacturers
Decrease Demand
Increase Supply
Decrease Supply
Increase Demand
10
Decrease in a subsidy for a product
Decrease Demand
Increase Demand
Decrease Supply
Increase Supply
11
Health and Safety rules in the workplace have been relaxed.
Decrease Supply
Increase Demand
Increase Supply
Decrease Demand
12
Production cost rises
Increase Demand
Decrease Supply
Decrease Demand
Increase Supply
