Assume that beef and pork are substitutes for consumers. If there is a drought in the cow grazing areas, then the drought will cause: supply curve for pork to shift rightward supply curve for pork to shift leftward. demand curve for pork to shift rightward. demand curve for pork to shift leftward. Suppose a factory that makes shirts introduces robots to replace human workers. As a result, the factory is able to reduce costs of shirts significantly. One would expect The supply curve of shirts to shift to the left. The supply curve of shirts to shift to the right. The demand curve of shirts to shift to the left. The demand curve of shirts to shift to the right.
Assume that beef and pork are substitutes for consumers. If there is a drought in the cow grazing areas, then the drought will cause: supply curve for pork to shift rightward supply curve for pork to shift leftward. demand curve for pork to shift rightward. demand curve for pork to shift leftward. Suppose a factory that makes shirts introduces robots to replace human workers. As a result, the factory is able to reduce costs of shirts significantly. One would expect The supply curve of shirts to shift to the left. The supply curve of shirts to shift to the right. The demand curve of shirts to shift to the left. The demand curve of shirts to shift to the right.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Assume that beef and pork are substitutes for consumers. If there is a drought in the cow grazing areas, then the drought will cause:
supply curve for pork to shift rightward
|
supply curve for pork to shift leftward. |
demand curve for pork to shift leftward.
Suppose a factory that makes shirts introduces robots to replace human workers. As a result, the factory is able to reduce costs of shirts significantly. One would expect
|
The supply curve of shirts to shift to the left.
|
|
The supply curve of shirts to shift to the right. |
|
The demand curve of shirts to shift to the left. |
|
The demand curve of shirts to shift to the right. |
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