Supply and Demand

Front

Identify the cause of an increase in quantity supplied: An increase in the price of the product, A decrease in the price of the product, An increase in the costs of production, A decrease in the costs of production

Back

An increase in the price of the product

Front

Impact of an increase in price on demand for cupcakes

Back

A decrease in the quantity demanded of cupcakes

Front

Identify the graph that illustrates an increase in supply

Back

Front

Identify the graph that illustrates an increase in quantity demanded

Back

Front

Identify the graph that illustrates the impact of an increase in advertising

Back

Front

Identify the graph that illustrates the impact of a decrease in costs of production

Back

Front

Identify the graph that illustrates the impact of an increase in technology in production

Back

Front

Identify the cause of an increase in demand for pancakes: An increase in advertising for pancakes, An increase in the cost of producing pancakes, Incomes of consumers decrease, Pancakes become less desirable

Back

An increase in advertising for pancakes

Front

Impact on demand for cupcakes if the price of pancakes increases.

Back

Demand for cupcakes will increase

Front

From an economic perspective, cupcakes and pancakes could be considered to be...

Back

Substitute goods