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14 Cards in this Set
10) Which of the following would shift the supply curve for MP3 players to theleft?A) a decrease in consumer tastes for MP3 playersB) an increase in the productivity of the workers who produce MP3 playersC) an increase in the number of firms that produce MP3 playersD) an increase in the price of an input used to produce MP3 players 11) An increase in the price of off-road vehicles will result in 12) One would speak of a movement along a supply curve for a good, ratherthan a change in supply, if 13) Let D = demand, S = supply, P = equilibrium price, Q= equilibrium quantity.What happens in the market for tropical hardwood trees if the governmentsrestrict the amount of forest lands that can be logged? 14) If the United States placed an embargo on Swedish products, what wouldhappen in the U.S. market for Swedish furniture?A) The demand curve would shift to the right.B) The demand curve would shift to the left.C) The supply curve would shift to the left.D) The supply curve would shift to the right. Which of the following will shift a supply curve to the left?An increase in factor prices should decrease the quantity suppliers will offer at any price, shifting the supply curve to the left.
Which of the following would not shift the supply curve for mp3 players?Which of the following would not shift the supply curve for mp3 players? an increase in quantity supplied.
What factors shift the demand curve to the left?A product whose demand falls when income rises, and vice versa, is called an inferior good. In other words, when income increases, the demand curve for an inferior good shifts to the left.
Which of the following would shift the supply curve to the left quizlet?A shift to the left of a supply curve is caused by: an increase in the cost of an input.
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Which of the following would shift the supply curve for MP3 players to the left
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