Supply and Demand Shifters

Flashcard
•
Social Studies
•
9th - 12th Grade
•
Easy
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12 questions
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1.
FLASHCARD QUESTION
Front
New technology advances the rate at which furniture can be assembled. Why does this change the supply?
Back
Change in cost of production
2.
FLASHCARD QUESTION
Front
Graph shows which of the following? (actually use this graph to answer the question) Options: a decrease in demand (shift) and a decrease in quantity supplied, a decrease in demand (shift) and a decrease in supply, a decrease in quantity demanded and a decrease in quantity supplied, a decrease in quantity demanded and a decrease in supply (shift)
Back
a decrease in quantity demanded and a decrease in supply (shift)
3.
FLASHCARD QUESTION
Front
Assume the image is showing the market for apples. Which of the headlines could indicate the pictured shift is occurring in the market?
Pesticides on apples linked to mouth cancer.
Storms destroy apple orchards.
An apple a day really does keep the doctor away.
New genetic strain leads to apple trees that produce twice as many apples.
Back
Storms destroy apple orchards.
4.
FLASHCARD QUESTION
Front
Which of the following is NOT a determinant of the supply of peanut butter?
The price of peanuts,
The wages of peanut butter factory workers,
The income of peanut butter consumers,
Existing peanut butter making technology
Back
The income of peanut butter consumers
5.
FLASHCARD QUESTION
Front
Which of the following will cause an increase in demand for snowboards? More costly production methods, A decrease in the price of lift tickets at resorts in Colorado, A decrease in consumer income, A decrease in the population
Back
A decrease in the price of lift tickets at resorts in Colorado
6.
FLASHCARD QUESTION
Front
What happens to the market for gasoline as Americans revive their love of SUV’s and the newly remodeled, but still “gas guzzling” Hummer?
Back
Demand for gasoline will increase
7.
FLASHCARD QUESTION
Front
In an attempt to increase the production of oil and gasoline, Congress and the President have given the okay to drill in the Alaskan Arctic Preserve. What happens to the market for gasoline?
Back
Supply for gasoline will increase
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