Which of the following causes the supply curve to shift? Changes in population Changes in income Number of businesses that make the

Q: Explain the factors that could shift the demand curve and the supply curve

A: The demand (dd) for a commodity shows the quantity that the consumers desire to purchase at the…

Q: What impact on the market for beef will result from a decreases in the price of corn?     There…

A: Market equilibrium is attained when the demand and supply forces intersect each other. Shifts in…

Q: Using supply and demand diagrams, show the effect of the following events on the market for…

A: Hey, Thank you for the question. According to our policy we can only answer 3 sub-parts per…

Q: Which of the following would shift the supply curve for a commodity to the RIGHT?  a. An increase in…

A: The supply curve is an upward sloping curve which represents the association between the price of a…

Q: Answer true or false, an increase in supply is represented by a movement up the supply curve.

A: Supply is the total value of goods and services which is available for the customers at particular…

Q: Of the following, which situation would cause the shift of the supply curve from S1 to S2? D P1 P2…

A: A shift in supply curve may cause due to various such as change in number of firms, raw material,…

Q: Consider the rice market, if scientists discover a new, more productive rice variety. Change in…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Which of the following would cause the supply curve to shift to the right? An increase in the price…

A: The law of states that as the price of the product rises then quantity falls and as the price of a…

Q: A market supply curve shows how the total quantity supplied of a good varies as   a. price of the…

A: The total production process of a firm/industry is an amalgamation of various forces, the optimum…

Q: supply creates its own demand.

A: Answer Classical economists believe that the market is usually straightforward due to the value…

Q: Bicycles are made out of steel. If the price of steel increases, there is a shift in the supply…

A: Bicycles are made out of steel, which means steel is a factor of production of Bicycle. So, change…

Q: Explain in your own words the Law of Demand and the Law of Supply. What is the relationship of the…

A: A consumer's desire to buy goods and services, as well as their readiness to pay a price for such…

Q: What is the difference between movement along the demand and supply curve due to a change in price…

A: A shift in the demand curve is defined when there is a change in demand; when the price of quantity…

Q: Explain why a supply curve slopes upward

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: Which of the following causes the demand curve to shift? A change in the price of inputs Technology…

A: Demand curve show the relationship between quantity demanded and price. According to the law of…

Q: If new substitutes are developed for a product, what will likely happen to the demand curve for that…

A: The price elasticity of demand measures the responsiveness of the quantity demanded of a good or…

Q: Which of the following decreases the production of computers and the supply curve shifts left?…

A: Supply curve shows a positive relationship between price and quantity supplied. Increase in price…

Q: Which of the following is correct about equilibrium price after a shift in the supply curve to the…

A: The graphical representation of price and quantity supplied is referred to as supply curve.

Q: Using the graph above, answer the following questions: • What is happening to the supply curve? •…

A: Supply shock is situation where there is sudden increase or decrease in availability of goods more…

Q: why does the supply curve shift

A: In the event that costs fall, more can be delivered, and the supply curve will move to one side. Any…

Q: A tax on sellers of apples:     leads sellers to supply less apples at every price.   leads…

A: To determine the effect of a tax on the sellers of apples on the market of apples.

Q: Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple…

A: Supply curve shows different levels of quantity supplied at different price levels

Q: An increase in the price of the cheese used to produce pizza shifts the supply and demand curve of…

A: Cheese is used as a raw material in producing pizza. So, cheese is a factor of production in making…

Q: What is the relationship between price and quantity supplied along the supply curve? Along the…

A: The amount of a resource that firms, producers, laborers, financial asset providers, or other…

Q: Which of the following will decrease the supply of goods?

A: Supplier of goods usually decreases due to increase in  cost of production.

Q: Which of the following is NOT held constant while moving along a supply curve?A) prices of resources…

A: Supply refers to the number of goods and services that the producers or the firms are willing to…

Q: Which of the following will have no impact on the demand for Yogurtland frozen yogurt in San Diego?…

A: Note: We will answer one question as the exact one was not specified. Please resubmit a new question…

Q: The supply curve together with_ determines equilibrium price and quantity

A: At a marketplace, an equilibrium is determined at a level where market efficiency can be maximized.

Q: The supply curve together with. determines equilibrium price and quantity

A: When talking about market equilibrium, it is expressed in terms of equilibrium price and quantity.

Q: An increase in supply: A. indicates that more is supplied at higher prices. B. indicates that more…

A: Factors affecting supply are:-  1) Number of firms 2) Technology 3) Change in cost of input 4)…

Q: The curve that shows the relationship between the quantity demand of a product and its price of…

A: It is the graphical way of showing the relationship between the quantity supplied and the price of a…

Q: Which of the following would shift the supply curve for a commodity to the right? An increase in the…

A: Answer for Q#1 A market supply curve shows various combinations of price and quantity supplied.…

Q: Which of the following will increase the supply of cellphones? (Check all that apply.) Multiple…

A: A change in the quantity supplied is different than a change in the supply.

Q: The supply Curve will shift _________ if the price of the raw material rises

A: The prices of raw material has a direct impact on the cost of production of the firm and thus it…

Q: List five things that are held constant along a market demand curve, and identify the change in each…

A: The market demand curve is the summation of all individual demand curves in a market. It shows the…

Q: Which of the following will not shift a supply curve?

A: Supply curve is the curve which shows the relationship between quantity supplied and the price. It…

Q: Why does the supply curve slope upward

A: Supply refers to the producer’s side of the economy. It is the amount of commodity a producer is…

Q: Distinguish between a shift in and a movement along the supply curve.

A: A supply curve shows the relation between price charged and quantity supplied. When there is a shift…

Q: Which one of the following statements is incorrect? A. An increase in supply is illustrated by a…

A: Change in supply implies the change due to factors other than the price while the change in quantity…

Q: Price (dollars per pizza) SI S2 Quantity (millions of pizzas per year) In the above figure, an…

A: Supply curve shows different combinations of price and quantity supplied. It shows positive…

Q: is a change in price lead to a movement along the supply/demand curve? is a change in price lead to…

A: According to the law of demand when there is an increase in price, the quantity demanded falls and…