Column A Column B a. Substitute 1. The stock market goods b. Shifts the supply curve 2. A tiny drop in the price of a good leads to a big increase in quantity demanded c. A “bubble" 3. Shoes and shoelaces 4. A shoe manufacturer responds to a Complementary decline in shoe sales by cutting goods back on production and laying off workers e. Speculation 5. Tea and coffee 6. Quantity supplied is greater than quantity demanded f. Market equilibrium 7. Buying an asset largely in the hope of selling it later for a higher price Auction market h. Quantity adjustment 8. Quantity supplied is equal to quantity demanded i. Price-elastic 9. A change in the number of sellers demand 10. When investors' optimism pushes the price of an asset artificially high j. Surplus
Column A Column B a. Substitute 1. The stock market goods b. Shifts the supply curve 2. A tiny drop in the price of a good leads to a big increase in quantity demanded c. A “bubble" 3. Shoes and shoelaces 4. A shoe manufacturer responds to a Complementary decline in shoe sales by cutting goods back on production and laying off workers e. Speculation 5. Tea and coffee 6. Quantity supplied is greater than quantity demanded f. Market equilibrium 7. Buying an asset largely in the hope of selling it later for a higher price Auction market h. Quantity adjustment 8. Quantity supplied is equal to quantity demanded i. Price-elastic 9. A change in the number of sellers demand 10. When investors' optimism pushes the price of an asset artificially high j. Surplus
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 8QR
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