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Newest Supply and Demand Questions

1. What would rising demand for a certain type of car most likely lead to?(1 point) Responses lower interest rates for all types of
   1. 1 answer
   2. 12 views
2. Imagine that the amount of milk being purchased in the United States suddenly decreased.Which of the following is the most
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   2. 15 views
3. Y and Z are two products jointly produced. What should be the effect on supply of Y when price of Z rises
   1. 1 answer
   2. asked by Esther Bowa
   3. 13 views
4. Which scenario would cause a producer to increase the supply of a product?an unchanging demand an increase in demand a seasonal
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   2. 15 views
5. Demand for commodity is greater than the quantity supply will result in
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   2. asked by KOKII
   3. 25 views
6. Which of the following will shift the supply curve to right
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   2. asked by KOKII
   3. 19 views
7. What is the definition of supply in an economy?the amount of a resource that is available the ability to provide and willingness
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   2. 23 views
8. Complete the sentence.When the supply of a good increases, its price *blank*.
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   2. 22 views
9. h of the following illustrates what happens when supply and demand work as they should, according to Adam Smith? (1 point)Respon
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   2. asked by q
   3. 19 views
10. The price (in S) of a cookbook is determined by the number of cookbooks x demanded by consumers and supplied by the publisher.Su
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    2. 23 views
11. At any given time, there's a finite amount of resources available, which means that the demand for goods and services in an
    1. 1 answer
    2. asked by Jaz
    3. 18 views
12. A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off
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    2. 15 views
13. Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.(1 point) Responses
    1. 1 answer
    2. 30 views
14. which of the following illustrates what happens when supply and demand work as they should according to adam smith
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    2. 22 views
15. A supply schedule is characterized by which of the following?It shows the quantity supplied at only one price. It lists supply
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    2. 10 views
16. Which of the following satisfy the law of supply? Select TWO correct answers. (2 points)Responses an increase in price followed
    1. 1 answer
    2. asked by lol
    3. 19 views
17. the short run, quantity supplied by firms is relatively less sensitive to changes in price than it is In the long run. In this
    1. 1 answer
    2. asked by lol
    3. 14 views
18. If the demand for a good or service increases, how will prices affect supply?(1 point)Responses Rising prices will boost supply.
    1. 11 answers
    2. 13 views
19. Which of the following illustrates what happens when supply and demand work as they should, according to Adam Smith? (1 point)Re
    1. 1 answer
    2. 19 views
20. A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off
    1. 1 answer
    2. asked by SS
    3. 26 views
21. Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.Graph on the Left.
    1. 1 answer
    2. asked by SS
    3. 26 views
22. Which of the following satisfy the law of supply? Select the two correct answers.(1 point)Responses An increase in price is
    1. 1 answer
    2. asked by SS
    3. 22 views
23. Which of the following illustrates what happems when supply and demand workvas thry should, according to Adam smith
    1. 1 answer
    2. 16 views
24. Which of the following illustrates what happens when supply and demand work as they should, according to Adam Smith?There is
    1. 1 answer
    2. 21 views
25. If there was a flood in the tomato fields, what would it effect and how?Group of answer choices Demand goes up Supply goes down
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    2. 16 views
26. If many buyers want a good or service that is in low supply what happens to the price? (1 point) Responses The price increases
    1. 1 answer
    2. asked by connexus
    3. 26 views
27. Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.Graph on the Left.
    1. 1 answer
    2. 26 views
28. Match the Graph with the corresponding scenario(16 points)Put responses in the correct input to answer the question. Select a
    1. 1 answer
    2. asked by idk
    3. 6 views
29. For every commodity in demand, there’s a finite supply, and economists refer to that finite supply as:(1 point) Responses
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    2. asked by Jaz
    3. 20 views
30. A period of bad weather hurt the orange groves in Florida, from where many of the oranges grown for juice come. Supplies of
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    2. asked by dada
    3. 50 views
31. Describe the shift you are seeing in the graph.*1 point  Demand has increased from January to February Demand has decreased
    1. 1 answer
    2. asked by yoo-hoo chocolate
    3. 30 views
32. Question What is stated by the law of supply? (1 point) Responses An increase in price will cause a reduced amount of sales. An
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    2. 16 views
33. Answer the question using complete sentences.Imagine you are taking a weekend trip to see your favorite NFL team play. When the
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    2. 13 views
34. Choose the best answer.What is the term for the point on a supply/demand curve in which the quantity demanded is equal to the
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    2. 13 views
35. Choose the best answer.If supply of a product goes down, what happens to demand and price? demand goes down, price goes up
    1. 1 answer
    2. 22 views
36. Which of the following is a determinant of supply?(1 point)Responses the price of a substitute in production the price of a
    1. 9 answers
    2. asked by hi
    3. 26 views
37. At any given time, if the demand for a product is greater than the supply available the price will be higher. True or false
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    2. 17 views
38. Supply is the quantity of product that would be offered for sale at all possible prices. True or false
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    2. 13 views
39. Use the graph to answer the question.Graph depicting supply and demand of gasoline Look at the graph above. Which situation
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    2. 23 views
40. Use the graph to answer the following question:Which scenarios would result in the supply shift for hamburgers as shown in the
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    2. 17 views
41. Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.Graph on the Left.
    1. 1 answer
    2. 19 views
42. Supply will shift right, leading to higher pricesSupply will shift left, leading to higher prices 1LEVEL 4OF 5The government of
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    2. 22 views
43. If a supply curve shifts to the left, that could be caused by which of the following?A decrease in the number of sellers
    1. 1 answer
    2. asked by Dontillia
    3. 11 views
44. The non-price determinants of supply include which of the following?Consumer income. Production costs, input prices, government
    1. 1 answer
    2. asked by Dontillia
    3. 21 views
45. If mozzarella cheese used on pizzas decreases in price because of a technological improvement in cheese production, there would
    1. 1 answer
    2. asked by Dontillia
    3. 17 views
46. Which of the following does NOT shift the supply curve?A change in technology. A change in consumer expectations. A change in
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    2. asked by Dontillia
    3. 20 views
47. There is an increase in the supply of a good when there is __________.An increase in the number of buyers A decrease in the
    1. 1 answer
    2. asked by Dontillia
    3. 19 views
48. Which of the following does NOT shift the supply curve?A change in technology An increase in consumer demand. A change in
    1. 1 answer
    2. asked by Dontillia
    3. 19 views
49. Which of the following would cause the supply of shredded wheat (the breakfast cereal) to increase?Technological advances
    1. 1 answer
    2. asked by Dontillia
    3. 17 views
50. Which of the following does not shift the supply curve?A change in technology A change in consumer expectations An increase in
    1. 1 answer
    2. asked by Dontillia
    3. 18 views
51. Which of the following would cause the supply of shredded wheat (the breakfast cereal) to increase?An increase in consumers'
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    2. asked by Dontillia
    3. 26 views
52. If the world price of wheat increases due to bad weather in Europe, Russia and South America, __________.Bread prices will
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    2. asked by Dontillia
    3. 16 views
53. Which of the following does NOT shift the supply curve?A change in consumer expectations. A change in technology. A change in
    1. 1 answer
    2. asked by Dontillia
    3. 22 views
54. There is an increase in the supply of a good when there is __________.An increase in the number of buyers An increase of
    1. 1 answer
    2. asked by Dontillia
    3. 18 views
55. Which one would NOT cause a shift in the supply curve?A change in the price of a good. A change in the profits of sellers. A
    1. 1 answer
    2. asked by Dontillia
    3. 22 views
56. There is an increase in the supply of a good when there is __________.A decrease in the number of buyers. An increase in the
    1. 1 answer
    2. asked by Dontillia
    3. 16 views
57. Which of the following would cause the supply of shredded wheat (the breakfast cereal) to increase?An increase in wages In
    1. 1 answer
    2. asked by Dontillia
    3. 24 views
58. The law of supply states that __________.The quantity of a good that is supplied is unrelated to the price of the good, other
    1. 1 answer
    2. asked by Dontillia
    3. 19 views
59. If the price elasticity of supply is greater than 1, then supply is __________.Unity price elastic. Unresponsive to price
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    2. asked by Dontillia
    3. 17 views
60. A blogger recently reported that the price of new computers decreased and that the quantity of new computers decreased. This was
    1. 1 answer
    2. asked by Dontillia
    3. 15 views
61. The non-price determinants of supply include which of the following?Technology, prices of related goods, and number of sellers.
    1. 1 answer
    2. asked by Dontillia
    3. 17 views
62. Which one would NOT cause a shift in the supply curve?A change in producer expectations. A change in the price of a good. A
    1. 1 answer
    2. asked by Dontillia
    3. 19 views
63. If the quantity demanded of a new mountain bike is 8,000 and the quantity supplied is 6,000, then _____.there is a shortage of
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    2. 20 views
64. .Surplus is _____. a situation in which quantity demanded is greater than quantity supplied the point at which quantity demanded
    1. 1 answer
    2. 24 views
65. Why would the supply curve of a dog-walking business be considered elastic?because the supply of dogs changes quickly because
    1. 1 answer
    2. 20 views
66. What will always cause a supply curve to shift to the left?advances in technology excise taxes future expectations of falling
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    2. 12 views
67. For which of the following products or services is supply likely to be inelastic in the short term regardless of whether prices
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    2. 13 views
68. The price of movie tickets in a town has risen from $7 to $9. What is the most likely effect of the change in price?The demand
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    2. 17 views
69. If the demand for a good or service increases, how will prices affect supply?(1 point)Responses Rising prices will boost supply.
    1. 1 answer
    2. 26 views
70. Choose the statement that correctly describes elasticity of supply for firms over the short run or long run.Graph on the Left.
    1. 1 answer
    2. 23 views
71. Which of the following illustrates what happens when supply and demand work as they should, according to Adam Smith? (1 point)Re
    1. 1 answer
    2. 25 views
72. Forest fires have inflicted significant damage to a region, leaving several paper mills destroyed in their wake. As such, the
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 19 views
73. Falling oil prices would significantly lower the cost of production for many goods. Producers of plastic kayaks, for instance,
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 56 views
74. Use the table to answer the question.Price ($) Quantity Demanded (thousands) Quantity Supplied (thousands) 1,000 600 300 1,500
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 41 views
75. Which of the following would result from an increase (shift in the right) in the supply curve?(1 point) Responses a market
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 25 views
76. Use the table to answer the question.Price Quantity Supplied Quantity Demanded $10 1,000 2,500 $20 2,000 2,000 $30 3,000 1,500
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 19 views
77. A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50 . This can be
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 22 views
78. Which of the following events would shift a supply curve to the left?(1 point)Responses The prices of many inputs are
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 20 views
79. Which of the following is a determinant of supply?(1 point)Responses the price of a complement in consumption the price of a
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 23 views
80. What is the relationship between the price of a product and the quantity supplied?(1 point)Responses There is no relationship
    1. 1 answer
    2. asked by EEEEEEEEEEEEEEEE
    3. 25 views
81. Sentence using supply
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    2. 13 views
82. If the demand for a good or service increases, how will prices affect supply?(1 point)Responses Falling prices will decrease
    1. 1 answer
    2. asked by hihi
    3. 21 views
83. If the demand for a good or service increases, how will prices affect supply?(1 point) Responses Rising prices will boost
    1. 1 answer
    2. asked by Joseph Stalin
    3. 25 views
84. Which of the following illustrates what happens when supply and demand work as they should, according to Adam Smith?Companies
    1. 1 answer
    2. 19 views
85. What do you think happens to the demand when the supply is low? Why? How about when supply is high? How about when demand is
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    2. 18 views
86. Falling oil prices would significantly lower the cost of production for many goods. Producers of plastic kayaks, for instance,
    1. 1 answer
    2. 11 views
87. Malik cuts lawns in his neighborhood to earn some extra money. His neighbors agree to pay him $15.00 to take care of their lawns
    1. 1 answer
    2. asked by no mercy mhahahaha
    3. 16 views
88. How would supply shift caused by lower costs of production affect price and quantity?(1 point) Responses higher price, lower
    1. 1 answer
    2. asked by no mercy mhahahaha
    3. 28 views
89. when supply decreases and demand increases, what happens to the price of a good?(1 point) Responses it increases it increases it
    1. 1 answer
    2. asked by its so preppy in here😁
    3. 17 views
90. Which of the following events would shift a supply curve to the left?(1 point)Responses Local government increases the taxes
    1. 7 answers
    2. asked by lol
    3. 22 views
91. Describe the shift you are seeing in the graph.* 1 point Captionless Image Demand has increased from January to February Demand
    1. 1 answer
    2. 31 views
92. If the demand for a good or service increases, how will prices affect supply?A. rising prices will decrease supply B. rising
    1. 1 answer
    2. 9 views
93. If the demand for a good or service increases, how will prices affect supply?(1 point)Responses Rising prices will decrease
    1. 1 answer
    2. 28 views
94. Which of the following could cause a change in supply?a. New technology b. Number of sellers c. Cost of production d. All of the
    1. 1 answer
    2. asked by unknown 2.0
    3. 19 views
95. A change in supply is represented by a shift in the supply curve.True False
    1. 1 answer
    2. asked by unknown 2.0
    3. 29 views
96. Which of the following statements about the law of supply is false?a. Under the law of supply, there is a direct relationship
    1. 1 answer
    2. asked by unknown 2.0
    3. 24 views
97. The law of supply represents a relationship between price and quantity from a buyer's perspective.True False
    1. 1 answer
    2. asked by unknown 2.0
    3. 17 views
98. How does scarcity affect producers
    1. 1 answer
    2. asked by Kenya
    3. 23 views
99. If the demand for a good or service increases, how will prices affect supply?(1 point) Responses Rising prices will boost
    1. 1 answer
    2. 20 views
100. A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50 . This can be
     1. 1 answer
     2. 14 views