1.An increase in the cost of flour used to bake bread is most likely to (a)  decrease the demand for bread. (b)  increase the supply of bread. (c)  decrease the supply of bread. (d)  increase the demand for bread.

Brief Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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1.An increase in the cost of flour used to bake bread is most likely to

  1. (a)  decrease the demand for bread.

  2. (b)  increase the supply of bread.

  3. (c)  decrease the supply of bread.

  4. (d)  increase the demand for bread.   

 

2. Which of the following will result in a decrease in the equilibrium quantity of a  good?

  1. (a)  An increase in both demand and supply.

  2. (b)  A decrease in both demand and supply

  3. (c)  An increase in demand together with a decrease in supply.

     4.  (d) A decrease in demand together with an increase in supply

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