Demand and Supply Finale

Graph 5: Price will? and Quantity will? based on this information.

• Price will decrease and quantity is indeterminant

• Price will increase and quantity is indeterminant

• Price is indeterminant and quantity will decrease

• Price is indeterminant and quantity will increase

Graph 6: Price will? and Quantity will?

• Price will increase and quantity decrease

• Price will decrease and quantity decrease

• Price will increase and quantity increase

• Price is indeterminate and quantity decrease

• Price is indeterminate and quantity increase

Graph 7: Price will? Quantity will?

• Price will increase and quantity will decrease

• Price will decrease and quantity will increase

• Price will increase and quantity is indeterminate

• Price will decrease and quantity is indeterminate

Graph 8: Price will ? Quantity will?

• Price is indeterminate and quantity will increase

• Price will increase and quantity will decrease

• Price will decrease and quantity will increase

• Price will increase and quantity is indeterminate

Graph 1: Price will? Quantity will?

• Price will increase and quantity will increase

• Price will decrease and quantity will increase

Graph 2: Price will ? Quantity will?

• Price will increase and quantity will decrease

• Price will decrease and quantity will increase

Graph 3: Price will ? Quantity will ?

• Price will increase and quantity will increase

• Price will decrease and quantity will increase

• Price will decrease and quantity will decrease

Answer explanation

Graph 4: Price will ? Quantity will ?

• Price will decrease and quantity will decrease.

• Price will increase and quantity will decrease.

• Price will decrease and quantity will increase.

• Price will increase and quantity will increase.

Answer explanation

When the price of something increases, the quantity demanded ___?

• decreases

• reverses

• increases

• remains the same

Which of the following would cause the demand curve to

shift to the left?

• the average annual income increases

• government corporate taxes increase

• consumers begin to like the product

• price of a complementary good increases