price and quantity sup price and quantity supplied are price and quantity supplied are unrelated. The law of supply 6. quantity demanded and quantity supplied are directly related. ь. NAME C. PRINT LAST NAME, FIRST NAME d. MARKE So Use the graph below to answer questions 7 through 9. S1 Use the graph below to answer questio Price S/onion 2.5 Price ($/bottle) 2.0 1.5 1.0 0.5 Quantity of onions 250 50 The movement from point B to point is caused by a lower price, while the shift fro is caused by an increase in the number of sellers in the market, 7. If price is $2.50, quantity dema C; F d. ъ. F; A a. The effect of a decrease in the price of onions is shown by a movement from point: 8. therefore, there would be a m a. d. F to point A. B to point A. b. The effect of a decrease in the cost of growing onions is shown by a: movement from point A to point B. movement from point B to point A. If price is $0.5, quantity de 9. shift from So to Sj. shift from S1 to So. c. a. b. d. Ceteris paribus, a decrease in the number of firms selling calculators will result in: a decrease in the supply of calculators. b. therefore, there would be 10. a. a decrease in the demand for calculators. an increase in the supply of calculators. an increase in the demand for calculators. C. Equilibrium price is 9) d. of water. bosn bremelcor Chapter 4 Assignments 60
price and quantity sup price and quantity supplied are price and quantity supplied are unrelated. The law of supply 6. quantity demanded and quantity supplied are directly related. ь. NAME C. PRINT LAST NAME, FIRST NAME d. MARKE So Use the graph below to answer questions 7 through 9. S1 Use the graph below to answer questio Price S/onion 2.5 Price ($/bottle) 2.0 1.5 1.0 0.5 Quantity of onions 250 50 The movement from point B to point is caused by a lower price, while the shift fro is caused by an increase in the number of sellers in the market, 7. If price is $2.50, quantity dema C; F d. ъ. F; A a. The effect of a decrease in the price of onions is shown by a movement from point: 8. therefore, there would be a m a. d. F to point A. B to point A. b. The effect of a decrease in the cost of growing onions is shown by a: movement from point A to point B. movement from point B to point A. If price is $0.5, quantity de 9. shift from So to Sj. shift from S1 to So. c. a. b. d. Ceteris paribus, a decrease in the number of firms selling calculators will result in: a decrease in the supply of calculators. b. therefore, there would be 10. a. a decrease in the demand for calculators. an increase in the supply of calculators. an increase in the demand for calculators. C. Equilibrium price is 9) d. of water. bosn bremelcor Chapter 4 Assignments 60
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Question 10
Transcribed Image Text:price and quantity sup
price and quantity supplied are
price and quantity supplied are unrelated.
The law of supply
6.
quantity demanded and quantity supplied are directly related.
ь.
NAME
C.
PRINT LAST NAME, FIRST NAME
d.
MARKE
So
Use the graph below to answer questions 7 through 9.
S1
Use the graph below to answer questio
Price
S/onion
2.5
Price
($/bottle) 2.0
1.5
1.0
0.5
Quantity of onions
250
50
The movement from point B to point is caused by a lower price, while the shift fro
is caused by an increase in the number of sellers in the market,
7.
If price is $2.50, quantity dema
C; F
d.
ъ.
F; A
a.
The effect of a decrease in the price of onions is shown by a movement from point:
8.
therefore, there would be a m
a.
d.
F to point A.
B to point A.
b.
The effect of a decrease in the cost of growing onions is shown by a:
movement from point A to point B.
movement from point B to point A.
If price is $0.5, quantity de
9.
shift from So to Sj.
shift from S1 to So.
c.
a.
b.
d.
Ceteris paribus, a decrease in the number of firms selling calculators will result in:
a decrease in the supply of calculators.
b.
therefore, there would be
10.
a.
a decrease in the demand for calculators.
an increase in the supply of calculators.
an increase in the demand for calculators.
C.
Equilibrium price is 9)
d.
of water.
bosn
bremelcor
Chapter 4 Assignments
60
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