OOOO of the supply curve and a(n). leftward shift; decrease leftward shift; increase a rightward shift; increase rightward shift; decrease in the equilibrium price.

What happens to the demand curve ( shift left , shift right , stay the same ) when a. Gasoline prices increase by an extra 50¢ per gallon and the demand for Quarter Pounders with Cheese decline. B) McDonald’s lowers the price of a Big Mac by 50¢. C) McDonald’s raises the price of fries and Coke by 25%. D)

A change from Point B to Point C represents a(n): B E Price D Quantity O decrease in supply. O increase in quantity supplied. O increase in supply. O decrease in quantity supplied. 52 50

Price Saved O² B Supplyo Save The movement from A to B The movement from A to D The movement from C to B The movement from D to C Quantity Consider the graph in Figure 3-1. Which of the following best represents an increase in supply? Supply₁

An increase in demand for burgers O results in a movement downward and to the right along a demand curve. O results in a movement upward and to the left along a demand curve. results in an increase in quantity demanded at every price. shifts the demand curve to the left.

Which of the following would NOT cause the supply curve of smartphones to shift? A B C D a decrease in the number of smartphone producers an increase in the price of smartphones an improvement in the technology of producing smartphones an increase in the productivity of smartphone workers

Which of the following would increase the demand for beef? A.) lower pork prices B.) higher prices of feed grains used to feed beef cattle C.) an increase in the price of beef D.) higher consumer income

Listen FIGURE 4-2 Price from Point D to Point C Quantity of Submarine Sandwiches from Point D to Point B F Refer to Figure 4-2. Which movement is consistent with a decrease in demand? from Point C to Point D 51 52 from Point B to Point D D₂

Which of the following would cause a shift in the demand curve from point A to point B? OA. An increase in the price of a substitute good. B. A decrease in income (inferior good). C. An increase in income (normal good). D. All of the above.

The price of a good rises from $16 to $24, andthe quantity supplied rises from 90 to 110 units.Calculated with the midpoint method, the priceelasticity of supply isa. 1/5.b. 1/2.c. 2.d. 5