Ch 3 example #85239

if the price ceiling is set below the equilibrium price in a market

which would be a likely cause of an increase in the demand for pizza?

which of the following factors will decrease the current demand for a product?

there is a surplus of tomatoes in the market. that implies that

the following are explanations of the Law of Demand, except

A result of a fall in the price of gasoline, consumers can afford to buy more gasoline for more driving trips. This is an illustration of

which of the following will not cause the supply curve to shift?

other things being equal, the law of demand suggests that as

which of the following is an example of a price ceiling?

which statement is true about supply?

Which of the following factors is a "demand shifter" for new houses?

As a result of a decrease in the price of online streaming movies, consumers download more movies online and buy fewer DVDs. This is an illustration of

Suppose that a more efficient way to produce a good is discovered, thus lowering production costs for the good. This will cause a(n):

which of the following goods would most probably be an inferior good?

If the price of Pepsi decreases, other factors constant, then we'd expect to see a consequent shift of the demand curve for:

a leftward shift of the supply curve for oil in the United States is most likely to result from:

which statement best illustrates the concept of diminishing marginal utility

A news story states that "DVDs lose their appeal as consumers switch to online streaming for movies." In a competitive market for DVDs, this situation would lead to a(n):

which of the following would cause a leftward shift in the supply curve for car washes?

Plastics manufacturers can make either toys or plastic containers. If the prices and profitability of plastic toys increase, then the:

All of the following are assumed to be constant when the supply curve for a product is drawn, except the

what combination of changes would most likely decrease the equilibrium price?

in competitive markets, a surplus or shortage will

there is a shortage in a market for a product when:

which of the following is a determinant of supply?

which of the following is not a determinant of demand for laptop computers?