1. An increase in the amount of subsidies that a public university receives woul
ID: 1214899 • Letter: 1
Question
1. An increase in the amount of subsidies that a public university receives would result in...
Question 1 options:
an upward movement along the supply curve for education
a downward movement along the supply curve for education
a leftward shift in the supply curve for education
a rightward shift in the supply curve for education
2. An increase in quantity demanded would be represented graphically as...
Question 2 options:
a leftward shift of the demand curve
a rightward shift of the demand curve
a movement upward along the demand curve
a movement downward along the demand curve
3.
An increase in the supply of guitars is represented by a movement from...
Question 3 options:
point B to point C
point B to point A
S1 to S0
S1 to S2
4.
An increase in the price of rosewood, used to make guitars, would cause a movement from...
Question 4 options:
point B to point C
point B to point A
S1 to S0
S1 to S2
5.
When the market moves from point A to point B there has been an...
Question 5 options:
an increase in supply and an increase in demand
an increase in supply and an increase in quantity demanded
an increase in quantity supplied and an increase in demand
an increase in quantity supplied and a decrease in demand.
6.
When the market equilibrium moves from point B to point C there has been a...
Question 6 options:
decrease in supply and a decrease in demand
decrease in supply and a decrease in quantity demanded
decrease in quantity supplied and a decrease in demand
decrease in quantity supplied and an increase in demand
7. Suppose that the population of a country increases. Assuming that people in that country enjoy eating steak, we would predict that the equilibrium quantity of steak will ________ and the equilibrium price of steak will ________ in that country.
Question 7 options:
increase, increase
increase, decrease
decrease, increase
decrease, decrease
8. Suppose that milk and soda are substitutes. An increase in the price of milk will lead to:
Question 8 options:
a decrease in the quantity demanded for soda
an increase in the demand for soda
a decrease in the demand for soda
9. A decrease in the supply of pizza could be caused by...
Question 9 options:
a decrease in the price of pizza
an increase in the price of pizza
an increase in the price of cheese needed to make pizza
a decrease in the price of the cheese needed to make pizza
Question 10 options:
A decrease in the price of pizza
an increase in the price of pizza
an increase in the price of the cheese needed to make pizza
a decrease in the price of the cheese needed to make pizza
an upward movement along the supply curve for education
a downward movement along the supply curve for education
a leftward shift in the supply curve for education
a rightward shift in the supply curve for education
2. An increase in quantity demanded would be represented graphically as...
Question 2 options:
a leftward shift of the demand curve
a rightward shift of the demand curve
a movement upward along the demand curve
a movement downward along the demand curve
3.
An increase in the supply of guitars is represented by a movement from...
Question 3 options:
point B to point C
point B to point A
S1 to S0
S1 to S2
4.
An increase in the price of rosewood, used to make guitars, would cause a movement from...
Question 4 options:
point B to point C
point B to point A
S1 to S0
S1 to S2
5.
When the market moves from point A to point B there has been an...
Question 5 options:
an increase in supply and an increase in demand
an increase in supply and an increase in quantity demanded
an increase in quantity supplied and an increase in demand
an increase in quantity supplied and a decrease in demand.
6.
When the market equilibrium moves from point B to point C there has been a...
Question 6 options:
decrease in supply and a decrease in demand
decrease in supply and a decrease in quantity demanded
decrease in quantity supplied and a decrease in demand
decrease in quantity supplied and an increase in demand
7. Suppose that the population of a country increases. Assuming that people in that country enjoy eating steak, we would predict that the equilibrium quantity of steak will ________ and the equilibrium price of steak will ________ in that country.
Question 7 options:
increase, increase
increase, decrease
decrease, increase
decrease, decrease
8. Suppose that milk and soda are substitutes. An increase in the price of milk will lead to:
Question 8 options:
a decrease in the quantity demanded for soda
an increase in the demand for soda
a decrease in the demand for soda
9. A decrease in the supply of pizza could be caused by...
Question 9 options:
a decrease in the price of pizza
an increase in the price of pizza
an increase in the price of cheese needed to make pizza
a decrease in the price of the cheese needed to make pizza
10. A decrease in the quantity supplied of pizza could be caused by...Question 10 options:
A decrease in the price of pizza
an increase in the price of pizza
an increase in the price of the cheese needed to make pizza
a decrease in the price of the cheese needed to make pizza
Explanation / Answer
1. An increase in the amount of subsidies that a public university receives would result in...
** a rightward shift in the supply curve for education.
2. An increase in quantity demanded would be represented graphically as...
** a movement downward along the demand curve.
An increase in the supply of guitars is represented by a movement from...
3. An increase in the supply of guitars is represented by a movement from...
No graph: (Producers supply more at a higher price.).
4. An increase in the price of rosewood, used to make guitars, would cause a movement from...
No graph. (Price of guitars will increase due to rise in the price of rosewood).
5. When the market moves from point A to point B there has been an...
No graph.
6. When the market equilibrium moves from point B to point C there has been a...
No graph.
7. Assuming that people in that country enjoy eating steak, we would predict that the equilibrium quantity of steak will ________ and the equilibrium price of steak will ________ in that country.
Increase, increase.
8. An increase in the price of milk will lead to:
An increase in the demand for soda.
9. A decrease in the supply of pizza could be caused by...
An increase in the price of cheese needed to make pizza.
10. A decrease in the quantity supplied of pizza could be caused by..
An increase in the price of the cheese needed to make pizza.
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