An increase in the number of sellers supplying a good or service: Select one: O a. shifts the supply curve to the left O b. shifts the demand curve to the left O c. shifts the supply curve to the right O d. shifts the demand curve to the right
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- A decrease in demand effects Market Equilibrium in the following way. Select one: O a. Decrease in quantity supplied and decrease in equilibrium price O b. No change to equilibrium c. Decrease in demand and increase in price Od. Increase in quantity demand and equilibrium pricebased on the graph, the movement from S to S1 is called: Price S. S1 Quantity Select one: a. increase in demand O b. increase in quantity supplied O c. increase in supply O d. None of the answers are correct e. decrease in supply O f. decrease in quantity suppliedRefer to the accompanying figure, which shows the market for cups of coffee. What might cause a shift from the original demand curve to the new demand curve? 4 Price ($/cup) 3.5 3 2.5 2 1.5 1 0.5 10 20 30 Original Supply Quantity (cups/hour) Select one: O a. A decrease in the price of tea O b. An expectation that coffee prices will fall in the future c. An increase in the price of coffee creamer O d. An increase in consumers' tastes for coffee New Supply Original Demand 40 50 60 70 80 New Demand 90
- Which of the following would cause a decrease in current, overall demand for a product? Select an Answer O A. a decrease in price of a substitute good O B. an increase in the number of buyers in the market for the good O C. a government subsidy encouraging consumption of the good O D. an expectation that the price of the good will be higher next weekQUESTION 16 If frozen food is an inferior good then O an increase in income causes an increase in quantity demanded, shifts Supply curve to the right. O an increase in income causes an increase in quantity demanded, shifts Demand curve to the right. O an increase in income causes a decrease in quantity demanded, shifts Supply curve to the left. O an increase in income causes a decrease in quantity demanded, shifts Demand curve to the left.On the diagram to the right, a movement from A to B represents a O A. decrease in demand. B. change in quantity demanded. O C. change in demand. O D. movement up the demand curve. A D2 'D1 Quantity (millions of units per month) Price (dollars per unit)
- An increase in demand combined with no change in supply causes a. a decrease in demand because the supply curve does not shift O b. the equilibrium price to fall C.a movement rightward along the demand curve O d. the equilibrium price to rise.Which of the following is the correct definition of demand schedule? K OA. the demand for a product by all the consumers in a given geographic area B. a table that shows the relationship between the price of a product and the quantity of the product demanded OC. the quantity of a good or a service that a consumer is willing to purchase at a particular price D. a curve that shows the relationship between the price of a product and the quantity of the product supplied Which of the following is the correct definition of demand curve? OA. a table that shows the relationship between the price of a product and the quantity of the product demanded OB. the demand for a product by all the consumers in a given geographic area OC. the quantity of a good or a service that a consumer is willing to purchase at a particular price OD. a curve that shows the relationship between the price of a product and the quantity of the product demandedThe figure shows the supply curve of wallets. What is the change in the quantity of wallets supplied when the price of a wallet rises from $40 to $80, while all other influences on selling plans are unchanged? The quantity of wallets supplied O A. decreases by an unknown amount O B. increases by an unknown amount O C. increases from 8 million to 16 million O D. decreases from 16 million to 8 million C 100- 80- 60- 20- UT Price (dollars per wallet) Quantity (millions of wallets per year)
- QUESTION 16 If frozen food is an inferior good then O an increase in income causes an increase in quantity demanded, shifts Supply curve to the right. B an increase in income causes an increase in quantity demanded, shifts Demand curve to the right. O an increase in income causes a decrease in quantity demanded, shifts Supply curve to the left. O an increase in income causes a decrease in quantity demanded, shifts Demand curve to the left.Figure 4-6 QUANTITY Refer to Figure 4-6. The shift from S' to S is called an increase in supply. O a decrease in quantity supplied. O a decrease in supply. O an increase in quantity supplied. PRICEDEMAND & SUPPLY EQUILIBIRUM Scenario 5 I choose Almarai company a. Use a numerical table and show the demand and supply equilibrium for your product. b. During COVID-19 what happened to the demand for your product? Draw the shift in the demand curve and show. By excel c. How will this change affect the equilibrium price and quantity of the good? Give reasons for your answers D