131.Whichofthefollowingeventscouldshiftthedemandcurveforgasolinetotheleft?
a.Theincomeofgasolinebuyersrises,andgasolineisanormalgood.
b.Theincomeofgasolinebuyersfalls,andgasolineisaninferiorgood.
c.Publicserviceannouncementsrunontelevisionencouragepeopletowalkorridebicyclesinsteadofdrivingcars.
d.Thepriceofgasolinerises.
132.You watch a lot of HGTV during your summer vacation, and you notice that most housing buyers list granite countertops in their “must have” lists when buying a new or existing house. You expect the demand for
a.granitecountertopstoshifttotheleft.
b.granitecountertopstoshifttotheright.
c.substituteproductssuchasmarblecountertopstoshifttotheright.
d.substituteproductssuchasmarblecountertopstobeunaffectedbybuyers’preferencesforgranite.
133.Anincreaseinthenumberofcollegescholarshipsissuedbyprivatefoundationswould
a.increasethesupplyofeducation.
b.decreasethesupplyofeducation.
c.increasethedemandforeducation.
d.decreasethedemandforeducation.
134.Today,peoplechangedtheirexpectationsaboutthefuture.Thischange
a.cancauseamovementalongademandcurve.
b.canaffectfuturedemandbutnottoday’sdemand.
c.canaffecttoday’sdemand.
d.cannotaffecteithertoday’sdemandorfuturedemand.
135.IfMiguelexpectstoearnahigherincomenextmonth,hemaychooseto
a.savemorenowandspendlessofhiscurrentincomeongoodsandservices.
b.savelessnowandspendmoreofhiscurrentincomeongoodsandservices.
c.decreasehiscurrentdemandforgoodsandservices.
d.movealonghiscurrentdemandcurvesforgoodsandservices.
136.Youlovepeanutbutter.Youhearonthenewsthat50percentofthepeanutcropintheSouthhasbeenwipedoutbydroughtandthatthiswillcausethepriceofpeanutstodoublebytheendoftheyear.Asaresult,yourdemandforpeanutbutter
a.willincreasebutnotuntiltheendoftheyear.
b.increasestoday.
c.decreasesasyoulookforasubstitutegood.
d.shiftslefttoday.
137.Elenalovesorangejuice.Shereadsinthenewspaperthat20percentoftheFloridaorangecropwasdestroyedbyalatespringfrost.Economistspredictthatthepriceoforangeswillriseby50percentbytheendoftheyear.Asaresult,Elena’sdemandfororangejuice
a.willincreasebutnotuntiltheendoftheyear.
b.increasestoday.
c.decreasesasshelooksforasubstitutegood.
d.shiftslefttoday.
138.FordMotorCompanyannouncesthatnextmonthitwilloffer$3,000rebatesonnewMustangs.Asaresultofthisinformation,today’sdemandcurveforMustangs
a.shiftstotheright.
b.shiftstotheleft.
c.shiftseithertotherightortotheleft,butwecannotdeterminethedirectionoftheshiftfromthegiveninformation.
d.willnotshift;rather,thedemandcurveforMustangswillshifttotherightnextmonth.
139.Whatwillhappeninthemarketforshotgun-shellammunitionnowifbuyersexpecthighershotgun-shellpricesinthenearfuture?
a.Thedemandforshotgun-shellammunitionwillincrease.
b.Thedemandforshotgun-shellammunitionwilldecrease.
c.Thedemandforshotgun-shellammunitionwillbeunaffected.
d.Thesupplyofshotgun-shellammunitionwillincrease.
140.Whatwillhappeninthegasolinemarketnowifbuyersexpecthighergasolinepricesinthenearfuture?
a.Thedemandforgasolinewillincrease.
b.Thedemandforgasolinewilldecrease.
c.Thedemandforgasolinewillbeunaffected.
d.Thesupplyofgasolinewillincrease.
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