Question

can you answer these questions

The total amount of a product available in a market at a given price is called the

count.
demand.
number.
supply.

According to the law of demand, price and quantity move

along a track in the same direction.
along a track in opposite directions.
from different points toward one another.
from the same point away from one another.

According to the law of demand, price and quantity move

along a track in the same direction.
along a track in opposite directions.
from different points toward one another.
from the same point away from one another.

A factor that most directly affects the demand for automobiles is

the individual tastes and preferences of buyers.
the cost of raw materials and natural resources.
the availability of workers in automobile factories.
a company's ability to respond to buyers' interest.

The graph examines the market for graphic T-shirts.



Based on the graph, which event could cause the change shown?

A product becomes less popular and fewer customers purchase it.
A product becomes more popular and more customers purchase it.
A product sells out of stores and customers can no longer purchase it.
A product is restocked on store shelves and is ready for customer purchase.

Look at the graph examining the market for graphic T-shirts.



Which option represents equilibrium as it appears on this graph?

5 graphic T-shirts on sale for $6
10 graphic T-shirts on sale for $30
30 graphic T-shirts on sale for $10
55 graphic T-shirts on sale for $6

Which statement best explains the law of supply?

The quantity supplied by producers increases as prices rise and decreases as prices fall.
The quantity supplied by producers decreases as prices rise and increases as prices fall.
The quantity supplied by consumers increases as prices rise and decreases as prices fall.
The quantity supplied by consumers decreases as prices rise and increases as prices fall.

The amount of goods and services consumers want is called the

count.
demand.
number.
supply.

Which statement best explains the law of demand?

The quantity demanded by consumers increases as prices rise, then decreases as prices fall.
The quantity demanded by consumers decreases as prices rise, then increases as prices fall.
The quantity demanded by producers increases as prices rise, then decreases as prices fall.
The quantity demanded by producers decreases as prices rise, then increases as prices fall.

Answer 1

Here are the answers:

1. The total amount of a product available in a market at a given price is called the
- supply.

2. According to the law of demand, price and quantity move
- along a track in opposite directions.

3. (Repeated) According to the law of demand, price and quantity move
- along a track in opposite directions.

4. A factor that most directly affects the demand for automobiles is
- the individual tastes and preferences of buyers.

5. Based on the graph, which event could cause the change shown?
- A product becomes more popular and more customers purchase it.

6. Which option represents equilibrium as it appears on this graph?
- 30 graphic T-shirts on sale for $10.

7. Which statement best explains the law of supply?
- The quantity supplied by producers increases as prices rise and decreases as prices fall.

8. The amount of goods and services consumers want is called the
- demand.

9. Which statement best explains the law of demand?
- The quantity demanded by consumers decreases as prices rise, then increases as prices fall.