Question : 81.Darren loves to go to the movies, and he just : 1378998

81.Darren loves to go to the movies, and he just learned that he can buy a ticket at a discounted price if he shows his student ID. Darren now attends the movies even more often. The change in Darren’s behavior would be shown graphically by:

A. a rightward shift in his demand curve.

B. a leftward shift in his demand curve.

C. a movement down along his demand curve.

D. a movement up along his demand curve.

82.Wendell just read an article that says scientists have proven that processed cheese food increases brain power. We would expect Wendell’s demand for processed cheese food to:

A. increase and shift to the right.

B. increase and shift to the left.

C. decrease and shift to the right.

D. decrease and shift to the left.

83.Oliver just brought home a new kitten. We could expect:

A. Oliver’s demand for cat toys, a complementary good, to increase.

B. Oliver’s demand for cat toys, a complementary good, to decrease.

C. Oliver’s demand for dog toys, a substitute good, to increase.

D. Oliver’s demand for dog toys, a substitute good, to decrease.

84.Supply describes how much of something producers:

A. are willing and able to buy under certain circumstances.

B. want to buy under certain circumstances, although they may not be able to.

C. are willing and able to offer for sale under certain circumstances.

D. want to offer for sale under certain circumstances, although they may not be able to.

85.The amount of a particular good that sellers in a market will sell at a given price during a specified period is called:

A. quantity demanded.

B. quantity supplied.

C. demand.

D. supply.

86.For almost all goods, the:

A. lower the price goes, the higher the quantity supplied.

B. higher the price goes, the more luxurious it is.

C. lower the price goes, the more luxurious it is.

D. higher the price goes, the higher the quantity supplied.

87.The law of supply describes the:

A. inverse relationship between price and quantity supplied.

B. direct relationship between price and quantity supplied.

C. inverse relationship between income and quantity supplied.

D. direct relationship between income and quantity supplied.

88.The law of supply can be stated as:

A. all else equal, quantity supplied rises as price falls.

B. all else equal, quantity supplied rises as price rises.

C. all else equal, quantity supplied rises as income rises.

D. all else equal, quantity supplied rises as income falls.

89.A nonprice determinant of supply refers to:

A. something that affects the price other than supply.

B. something that affects supply other than the price.

C. something that determines how large a role prices play in the supply decision.

D. something that determines how prices are affected by the seller’s income.

90.A table which shows the quantities of a particular good or service that producers are willing to sell (supply) at various prices is known as:

A. a supply schedule.

B. a supply table.

C. a supply curve.

D. a supply graph.