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25 questions
This graph shows
An increase in supply
An increase in quantity supplied
An increase in demand
An increase in quantity demanded
This graph shows
A decrease in supply
A decrease in demand
A decrease in quantity demanded
A decrease in quantity supplied
This graph shows
Decrease in quantity supplied
Decrease in supply
Decrease in Demand
Increase in supply
This graph shows
Increase in Supply
Decrease in Quantity Demanded
Increase in Demand
Decrease in Demand
A movement from A to B on this graph would represent
Increase in supply
Increase in quantity supplied
Increase in demand
Increase in quantity demanded
A movement from b to a in this graph would represent
A decrease in supply
A decrease in quantity supplied
A decrease in demand
A decrease in quantity demanded
A movement from x to y on this graph would represent
Increase in demand
Decrease in supply
Increase in quantity demanded
Increase in quantity supplied
A movement from y to x on this graph would represent
An increase in quantity demanded
A decrease in quantity demanded
A decrease in demand
A decrease in quantity supplied
Market: M&Ms
Situation: The price of M&Ms goes down
This situation is represented by the following graph
Market: Converse Sneakers
Situation: The price of Converse increases from $30/pair to $50/pair
Which graph represents this change?
Peanut butter and jelly and complements. What will happen to demand or quantity demanded for jelly if the price of peanut butter increases?
What will happen to the demand or quantity demanded of hamburgers (a normal good) if the income of the people who buy hamburgers goes down
What will happen to the demand or quantity demanded of Jello (a normal good) if the income of the people who buy Jello goes up?
Market: Salmon
Situation: A news article comes out stating that eating salmon 3 times a week will make you healthier, stronger, and smarter.
Which graph shows what will happen to the market for salmon?
Market: Pancakes
Situation: The price of syrup decreases to $1 bottle
What will happen to the market for pancakes?
Market: BIRD Scooters
Situation: More people are moving into the city of Atlanta
Which graph represents what will happen to the market for BIRD Scooters?
Market: The latest IPhone
Situation: You are expecting the latest IPhone to cost $200 less in a month
What is going to happen to the current market for IPhones?
Market: T-Shirts
Situation: The price of cotton is increasing
Which graph represents what will happen to the market for t-shirts
Market: Cars
A car manufacturer has developed a new machine that can build quality cars twice as fast
Which graph represents what will happen to the market for cars?
Market: Coca-Cola
Situation: The government has increased property taxes for every coca-cola plant
Which graph represents what will happen to the market for coca-cola?
Market: E-Scooters
Situation: Lyft and Uber have joined Bird and Lime and entered into the E-Scooter business
Which graph reflects what will happen to the market for E-Scooters
DEMAND is based on what the___________will do
Buyers/consumers
Sellers/producers
SUPPLY is based on what the ___________will do
Buyers/consumers
Sellers/producers
Market: Any
Situation: Workers undergo a lot of training to make them more productive and efficient at their jobs.
Which graph represents what will happen to the market?
Market: Homes
Situation: Home builders expect a recession in the future.
Which graph shows what will happen to market for homes?
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