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![3. A fall in the price level shifts the aggregate supply curve upward and decreases the
quantity of real GDP supplied.
Answer:
Reason:
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- 40. Write the differences between extension in supply and contraction in supply.What might cause Supply to shift from the Original Supply to the New Supply?. Price of a cup of coffee $3.50 3.00 2.50 2.00 1.50 1.00 $.50 0 10 Original Supply New Demand Original Demand 20 30 40 50 60 70 Cups sold in an hour New Supply A reduction in coffee farmland taxes. OA storm in South America wipes out the entire coffee crop. A news report that coffee consumption greatly increases productivity. An increase in the price of tea.if the people passed away due to the cornia cirus what will happen to the food market?. Inficate changes to price, quantity, supply, and demand) Given the information, the quantity of food supplied and demanded will decrease True or False
- In the early 2000s the price of gasoline rose, causing the demand for hybrid cars to rise. As a result the price of hybrid cars rose. This made _____________ rise. Should the missing words be the supply or the quantity supplied?Need help with this, I did something please check it and let me know if its good. Also for the empty spots here are the possible answers, you must choose only one of them: Consider the previous graph. Suppose that the price of a sedan increases from $20,000 to $25,000. This would cause thequantity supplied_____________(Choose one of these: quantity supplied or supply) of sedans to increase, which is reflected on the graph by amovement along_________(Choose one of these: movement along or shift of) the supply curve. Suppose the workers' union accepts a pay cut. This causes a___________(Choose one of these: rightward shift of, leftward shift of, leftward movement along or rightward movement along) the supply curve because the pay cut makes cars____________(Choose one of these: safer, more expensive to build, less expensive to build, or more fashionable) .III. Direction: Underline the correct words or phrase Factors affecting Supply a. Price causes (movement along the curve/shift of the supply curve). b. Non-price determinants cause (movement along the curve/shift of the supplycurve).
- 27.Increase and decrease in supply is due to ______________________factors keeping the price constant.1. With both words and diagrams analyze the effects on equilibrium price and quantity when a. demand is negatively sloped, supply is perfectly inelastic, and demand increases b. demand is negatively sloped, supply is quite elastic, and demand decreases c. demand is perfectly elastic, supply is positively sloped, and supply increases d. demand is quite inelastic, supply is positively sloped, and supply decreasesIf demand and supply change in the same direction, we _____ the direction of change of the equilibrium quantity and we _____ the direction of change of the equilibrium price. A. cannot predict; cannot predict B. cannot predict; can predict C. can predict; cannot predict D. can predict; can predict
- If the demand for Halloween candy is increasing and the number of sellers selling the candy is also increasing by more than the demand, then what will happen to price and quantity sold of candy in October as compared to September: Think about Supply and Demand when answering question, there is No opinion needed here. : A. Price of the candy will be higher and amount of candy sold is higher. B. The price will be same in October and September and quantity sold will be less. C. The price will be lower and quantity sold is higher in October than in September. D. The price will be higher and quantity sold will be the same as previous month of September. E. There is More information needed, to determine what happens to the Price and quantity sold .28 S1 24 S2 20 16 平 平 12 D2 D1 4 8 12 16 20 24 Q 14. A possible explanation for a change in demand from D2 to D1 is 8.13. Suppose over the next several years the level of income and wealth rises in the state of Florida. For the housing market this would mean: An increase in the quantity of houses demanded, rising prices and an increase in supply. An increase in the demand for houses, rising prices and an increase in quantity supplied. An increase in the quantity of houses demanded shortages and higher prices. A decrease in the quantity of houses supplied as demand increases. Price gouging in this market would be rampant.
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