macro supply and demand
which of the following would not shift the demand curve for the apple pie
a change in the price of apple pie
the price of a gallon of milk falls. Which of the following is a possibly cause
a discovery that milk causes diabetes
if the price of bicycles decrease, there will be
an increase in the demand for motorcycles, if bikes and kumquats are complements
which of the following events will cause an increase in the market demand for guinness
an increase in the price of Heineken
if the demand for Tostitos chips goes up when the price of salsa goes down, Tostitos chips and salsa are:
complements
if a business charges a price below the equilibrium price for its product it can be sure that
consumers will demand more of the product than it is willing to supply
when a demand curve shifts to the right
decrease in demand
when a supply curve shifts to the left
decrease in supply
the clairidge cinema 6 increases the price of a movie ticket from 5 to 6.50. At the same time, it lowers the price of popcorn from 3 to 1.50. Total revenue for both goods decrease, se we can concluded that the demand for the movies is ______ and the demand for popcorn is ________
elastic; inelastic
suppose that the supply of apartments is fixed at 100. In other words, regardless of the price, 100 apartments will be supplied. Demand for apartments adheres to the law of demand. Suppose that the price of townhouses (sub) decreases. what happens to apartment market
equilibrium price will decrease
if a decrease in the price of gas increases the demand for large cards, then
gas and large cars are complements in consumption
when a demand curve shifts to the left
increase in demand
when a supply curve shifts to the right
increase in supply
an increase in the price of electricity will
increase the demand for kerosene heaters
the ______ is the price that equates the quantity supplied with the quantity demanded
market clearing price
an increase in consumer income will increase demand for a _____ but decrease demand for a _____
normal good, inferior good
a drought affecting the wheat farmers in the midwest is likely to lead the following
reduced wheat consumption
the price of tea increases. At the same time, robots are developed which prove to lower the cost of production of coffee. In the market for coffee we should expect to see the curves shirt. The supply curve will _______ and the demand curve will ______
shirt fo the right, shift to the right
price ceiling of 15 would cause
shortage of 800
a decrease in the price of a game of bowling shifts the
supply curve of bowling balls rightward
price floor of 30 would cause
surplus of 400
what happens in the market for airline travel when the price of traveling by rail decreases
the demand curve shifts to the left
if there is a surplus of potato chips we know
the price of potato chips will probably go down soon
if the cost of computer components falls, then
the supply curve for computers shifts to the right
a cold spell in Idaho reduced the potato crop, and as a result, maine potatoes commanded a higher price.
the supply of idaho potatoes fell, causing their price to increase and the demand for maine potatoes to increase
people come to expect that the price of a gallon of gas will rise next week. As a result,
todays demand for gas increases
