Supply and Demand Test

Would an improvement to technology in a company increase supply or decrease supply?

• Increase

• Decrease

If the price of carne asada and tortillas went up, would a taco vendor increase supply or decrease supply?

• Increase

• Decrease

Do new government regulations (rules) on an company increase or decrease supply?

• Increase

• Decrease

If more competitors enter the market, does supply increase or decrease?

• Increase

• Decrease

How would an expected increase of income affect demand?

• Demand would increase

• Demand would decrease

How would an increase in Peruvian immigrants affect the local demand for Peruvian food ingredients?

• Increase

• Decrease

A year ago, there were 12 companies that made motorized scooters. But over the past month, 5 of those companies went out of business. What probably happened to the overall supply of motorized scooters?

• The supply probably went up.

• The supply probably went down.

A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?

• The supply will probably go up

• The supply will probably go down

Last year, 50,000 people lived in the city of Martinez.

But since then, 8,000 people have moved away. What probably happened to the overall supply of houses for sale in Martinez?

• The supply probably went up

• The supply probably went down

The people in a town love donuts. They have a Krispy Kreme already, but they just built a Dunkin' Donuts. Because of this, the ​ (a)   and the ​ (b)   .

• supply goes down
• price goes up
• supply goes up
• demand goes down
• demand goes up
• price goes down