2. For each of the statements below, select the option that best describes what would happen to supply and demand for the good in italics. Assume "ceteris paribus" unless otherwise told. a. Demand shifts in (falls) b. Demand shifts out (rises) c. Quantity demanded increases d. Quantity demanded decreases e. Supply shifts in (falls) f. Supply shifts out (rises) g. Quantity supplied increases h. Quantity supplied decreases 1. If the price of pizza falls, what happens to the demand for Dr. Pepper (a complement)? 2. If the price of chicken rises, what happens to chicken nugget supply? 3. If the government provides a subsidy for chocolate chip cookie bakers, what happens to the supply of chocolate chip cookies?

Principles of Microeconomics (MindTap Course List)
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ISBN:9781305971493
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
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2. For each of the statements below, select the option that best describes what would happen to supply
and demand for the good in italics. Assume "ceteris paribus" unless otherwise told.
a. Demand shifts in (falls)
b. Demand shifts out (rises)
c. Quantity demanded increases
d. Quantity demanded decreases
e. Supply shifts in (falls)
f. Supply shifts out (rises)
g. Quantity supplied increases
h. Quantity supplied decreases
1. If the price of pizza falls, what happens to the demand for Dr. Pepper (a complement)?
2. If the price of chicken rises, what happens to chicken nugget supply?
3. If the government provides a subsidy for chocolate chip cookie bakers, what happens to the supply
of chocolate chip cookies?
4. If the government provides a subsidy for chocolate chip cookie bakers, what happens to the demand
for chocolate chip cookies?
5. If the price of paper rises because of a change in demand, what happens to paper supply?
Transcribed Image Text:2. For each of the statements below, select the option that best describes what would happen to supply and demand for the good in italics. Assume "ceteris paribus" unless otherwise told. a. Demand shifts in (falls) b. Demand shifts out (rises) c. Quantity demanded increases d. Quantity demanded decreases e. Supply shifts in (falls) f. Supply shifts out (rises) g. Quantity supplied increases h. Quantity supplied decreases 1. If the price of pizza falls, what happens to the demand for Dr. Pepper (a complement)? 2. If the price of chicken rises, what happens to chicken nugget supply? 3. If the government provides a subsidy for chocolate chip cookie bakers, what happens to the supply of chocolate chip cookies? 4. If the government provides a subsidy for chocolate chip cookie bakers, what happens to the demand for chocolate chip cookies? 5. If the price of paper rises because of a change in demand, what happens to paper supply?
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