1)If the demand curve shifts outward and the supply curveremains constant (assum
ID: 1235904 • Letter: 1
Question
1)If the demand curve shifts outward and the supply curveremains constant (assume a typical downward sloping demandcurve):
2) When OPEC nations reduced their output of oil to worldmarkets, the result was (oil is used to produce gasoline):
3) Due to the rapid growth taking place in the U.S. economyduring the 1990s, consumer incomes increased significantly, as aresult we can expect:
4) Many public utilities use natural gas to generateelectricity, as a result of the increase in the price of naturalgas, we can expect:
5) Consider the market for DVDs, if the prices of DVD playersfall, we can expect:
6) Consider the market for skiing holidays. During a recessionwhen incomes are falling, we would expect
7) Consider the market for ski lift tickets at Copper Mountain.If nearby Breckenridge has special deals on lift tickets for Denverskiers we would expect which of the following for Copper:
8) The invisible hand of the market:
Explanation / Answer
1)If the demand curve shifts outward and the supply curveremains constant (assume a typical downward sloping demandcurve):
2) When OPEC nations reduced their output of oil to worldmarkets, the result was (oil is used to produce gasoline):
3) Due to the rapid growth taking place in the U.S. economyduring the 1990s, consumer incomes increased significantly, as aresult we can expect:
4) Many public utilities use natural gas to generateelectricity, as a result of the increase in the price of naturalgas, we can expect:
5) Consider the market for DVDs, if the prices of DVD playersfall, we can expect:
6) Consider the market for skiing holidays. During a recessionwhen incomes are falling, we would expect
7) Consider the market for ski lift tickets at Copper Mountain.If nearby Breckenridge has special deals on lift tickets for Denverskiers we would expect which of the following for Copper:
8) The invisible hand of the market:
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.