Demand/Supply/Equilibrium

If the Apple iPad and Galaxy tab are substitutes, then, other things equal, an increase in the price of the iPad will

What is the difference between increase in demand and increase in quantity demanded

The demand by all the consumers of a given good or service is the ___ for the good or service

If, in response to an increase in the price of chocolate, the quantity demanded of chocolate decreases, economists would describe this as

By drawing the demand curve with ___ on the vertical axis and ___ on the horizontal axis, economists assume that the most important determinant of the demand for a good is the ___

If a demand curve shifts to the right then

Holding everything else constant, an increase in the price of MP3 players would result in

A change in all of the following variables will change the market demand for the product except the

Which of the following will shift the demand curve for a goid

A movement along the demand curve for toothpaste would be caused by

If an increase in income leads to an increase in demand for peanut butter then peanut butter is a

If an increase in income leads to a decrease in the demand for popcorn then popcorn is an

The Internet has created a new category in the book selling market called "barely used" how does the availability of barely used books affect the market for new books

Elvira decreased her consumption of bananas when the price of peanut butter increased. For Elvira, peanut butter and bananas are

If in the market for peaches the supply curve has shifted to the left

If in the market of oranges the supply has increased then

What is the difference between increase in supply and increase in quantity supplied

One would speak of change in the quantity of a good supplied rather than a change in supply if

The popularity of digital cameras has enticed large discount stores to offer digital photo printing services. How does this affect the digital photo printing market

Ranchers can raise either sheep or cattle, which of the following would cause the supply of sheep to increase

Which of the following would shift the supply curve for MP3 players to the right

If a firm expects that the price of its product will be higher in the future than it is today then

A decrease in the price of gps systems will result in

Which of the following is the correct way to describe equilibrium in the market

At a products equilibrium price

Hurricanes ruined orange crops resulting in a shortage of oranges. If they tried to sell oranges at the pre hurricane cost we would expect to see

If the quantity supplied exceeds the quantity demanded the market price will fall until