Supply and demand

On a graph, demand slopes from

• bottom left to top right

• top left to top right

• top left to bottom right

• bottom left to bottom right

An increase in UK incomes would cause a shift in demand to the ...............

An increase in supply due to new technology would cause :

• equilibrium price to rise

• equilibrium price to go up

• equilibrium price to reduce

• equilibrium price to stay the same

Food poisoning in a restaurant would cause demand to

• shift to the right

• shift to the left

• be unaffected

• increase

A factor affecting supply : external ................

A factor affecting demand = c

• condiments

• complements

• condominiums

• consommes

If the price of a substitute rises then demand for your product would ................

The equilibrium price and quantity is shown as a ..............line

A shift in supply to the left causes

• a surplus

• a shortage

• excess supply

• a fall in equilibrium price

A government subsidy given to a producer would cause supply to .............................