Survey Of Economics
10th Edition
ISBN: 9781337111522
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter 3, Problem 7SQ
To determine
Meaning of the rightward shift in the
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Price
D₂
Quantity
D
In the graph, a change from Point A to
Point B represents a(n):
A. decrease in demand.
B. decrease in quantity demanded
C. increase in quantity demanded.
D. increase in demand.
S
If income of the consumer would increase, how will it affect the demand curve for a product?
a. Entire demand curve will shift to the left
b. Entire demand curve will shift to the right
c. Demand curve will remain constant
d. The demand curve will move sloping downward
Which of the following would decrease the price of rice?
a. A decrease in the prices of pesticides
b. An increase in the demand of rice
c. An increase in the price of rice
d. An increase in the price of corn
A movement along a demand curve caused by changes in the price of a good is known as:
A. Change in Demand
B. Shift in Demand
C. Law of Demand
Chapter 3 Solutions
Survey Of Economics
Ch. 3.7 - Prob. 1YTECh. 3.7 - Prob. 1GECh. 3.7 - Prob. 2GECh. 3.7 - Prob. 3GECh. 3 - Prob. 1SQPCh. 3 - Prob. 2SQPCh. 3 - Prob. 3SQPCh. 3 - Prob. 4SQPCh. 3 - Prob. 5SQPCh. 3 - Prob. 6SQP
Ch. 3 - Prob. 7SQPCh. 3 - Prob. 8SQPCh. 3 - Prob. 9SQPCh. 3 - Prob. 10SQPCh. 3 - Prob. 11SQPCh. 3 - Prob. 12SQPCh. 3 - Prob. 1SQCh. 3 - Prob. 2SQCh. 3 - Prob. 3SQCh. 3 - Prob. 4SQCh. 3 - Prob. 5SQCh. 3 - Prob. 6SQCh. 3 - Prob. 7SQCh. 3 - Prob. 8SQCh. 3 - Prob. 9SQCh. 3 - Prob. 10SQCh. 3 - Prob. 11SQCh. 3 - Prob. 12SQCh. 3 - Prob. 13SQCh. 3 - Prob. 14SQCh. 3 - Prob. 15SQCh. 3 - Prob. 16SQCh. 3 - Prob. 17SQCh. 3 - Prob. 18SQCh. 3 - Prob. 19SQCh. 3 - Prob. 20SQCh. 3 - Prob. 21SQCh. 3 - Prob. 22SQCh. 3 - Prob. 23SQCh. 3 - Prob. 24SQCh. 3 - Prob. 25SQ
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- When there is an increase in demand,A. the demand curve shifts to the right of the original demand curve.B. the demand curve rotates clockwise.C. the demand curve shifts to the left of the original demand curve.D. the demand curve rotates counterclockwise.E. a lower price has increased the amount of the good that consumers will buy.arrow_forwardP A D quantity Refer to Figure 4-1. The movement from point A to point B on the graph shows a(n) a. decrease in demand. b. increase in demand. C. decrease in quantity demanded. d. increase in quantity demanded.arrow_forwardWhen the price of oil declines significantly, the price of gasoline also declines. The latter occurs because of a(n): A. increase in the demand for gasoline. B. decrease in the demand for gasoline. C. increase in the supply of gasoline. D. decrease in the supply of gasoline.arrow_forward
- Which would cause a decrease in the quantity of computers supplied? A. An increase in the demand for computers B. A decrease in the demand for computers C. An increase in the incomes of consumers D. A decrease in the price of parts for making computersarrow_forwardThe price elasticity of demand is a measure of Select one: a. the shift in the demand curve when price changes. b. the demand for a product holding price constant. c. the responsiveness of the quantity demanded to price changes. d. the quantity demanded at a given price.arrow_forwardWhich of the following explains extension of demand? a. Rightward shift of the demand curve b. Leftward shift of the demand curve c. A consumer moving up on the demand curve d. A consumer moving down on the demand curvearrow_forward
- Which of the following is NOT a determinant of demand? a. Consumers' incomes b. Expected changes in prices in the future c. Production technology d. Consumers' tastes and preferencesarrow_forwardIncrease in supply usually __ the price and __ the quantity demanded.(A) lowers, lowers(B) raises, raises(C) lowers, raises(D) raises, lowersarrow_forwardThis means that when the price of a certain commodity increases, automatically demand will fall and vice versa, all other things held constant. Select one: a. Law of demand b. demand c. quantity demanded d. elasticity of demandarrow_forward
- As the price of bananas increases, ceteris paribus, the law of demand implies A. the quantity of bananas demanded will decrease. B. the demand for bananas will decrease. C. the quantity of bananas demanded will increase. D. the demand for bananas will increase.arrow_forward10. Which of the following is NOT a determinant of the demand for gasoline? A. Consumers' incomes B. The price of diesel C. The price of automobiles D. The supply of gasoline E. All of the above are determinants of the demand for gasoline.arrow_forwardA rise in the wages paid to workers in the beef industry will: A. Decrease both the supply and demand for beef, lowering the equilibrium price but raising the equilibrium quantity of beef. B. Increase the demand beef, raising the equilibrium price and quantity of beef. C. Decrease the supply of beef, raising the equilibrium price and quantity of beef. D. Decrease the supply of beef, raising the equilibrium price but lowering the equilibrium quantity of beef. E. Decrease the demand for beef, lowering the equilibrium price and quantity of beef.arrow_forward
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