Question : 31) When the demand curve shifts rightward and the market : 1226415

 

31) When the demand curve shifts rightward and the market moves to a new equilibrium, then the

A) supply increases.

B) supply decreases.

C) quantity supplied increases.

D) quantity supplied decreases.

E) price falls to restore the equilibrium.

 

32) Suppose the equilibrium quantity of movie tickets is 1000. If the demand curve shifts ________, the equilibrium quantity of movie tickets will ________.

A) rightward; increase

B) rightward; decrease

C) leftward; increase

D) rightward; not change

E) leftward; not change

 

33) If consumers buy a large number of plug-in electric cars, the equilibrium price of electricity will ________ and the equilibrium quantity of electricity will ________.

A) rise; increase

B) rise; decrease

C) fall; increase

D) fall; decrease

E) not change; increase

34) Because of a sharp increase in the price of gasoline, the demand for Sports Utility vehicles (SUVs) has decreased. So, the high price of gasoline leads to a

A) leftward shift of the demand curve for SUVs and the supply curve of SUVs.

B) leftward shift of the demand curve for SUVs and no shift in the supply curve of SUVs.

C) leftward shift of the demand curve for SUVs and a rightward shift of the supply curve of SUVs.

D) leftward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.

E) rightward shift of the supply curve of SUVs and no shift in the demand curve for SUVs.

 

35) If the price of tangerines increases, the price of oranges also rises because

A) consumers consider the two goods complements and so sellers decreased the supply of oranges.

B) consumers consider the two goods substitutes and demand for oranges increases.

C) if the supply of tangerines decreased, then the supply of oranges also must decrease.

D) buyers must have expected a higher price for oranges and thus increased their demand for oranges.

E) buyers’ incomes must have decreased and oranges are an inferior good.

 

36) Suppose that the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

A) Both the supply and the demand for new houses increased and the supply increased by more than the demand.

B) The demand for new houses increased and the supply did not change.

C) Both the supply and demand for new houses decreased.

D) The supply of new houses decreased and the demand for new houses did not change.

E) The supply of new houses increased and the demand for new houses did not change.

37) Suppose that the equilibrium price and quantity of new houses both increase. Which of the following could be a cause of this change?

A) The wage paid carpenters who build new houses might have risen.

B) A technological advance in framing a new house might have occurred.

C) The rent for nearby apartments might have fallen.

D) More home buyers might have moved into the area.

E) The cost of wood framing used to build houses might have fallen.

 

38) Suppose that over the next few years the demand for dancing to country and western music decreases. Hence, at country and western dance clubs the equilibrium price of admission ________ and the equilibrium quantity of dancing ________.

A) rises; increases

B) rises; decreases

C) falls; increases

D) falls; decreases

E) does not change; decreases

 

39) For consumers, taco chips and salsa are complements. If the price of salsa rises, what is the effect on the equilibrium price and quantity of taco chips?

A) The equilibrium price of taco chips falls and the equilibrium quantity decreases.

B) The equilibrium price of taco chips rises and the equilibrium quantity decreases.

C) There is no change in the equilibrium price of taco chips and the equilibrium quantity increases.

D) The equilibrium price of taco chips could rise, fall, or stay the same and the equilibrium quantity increases.

E) The equilibrium price of taco chips rises and the equilibrium quantity increases.

40) Computer chips are a normal good. Suppose the economy slips into a recession so that income falls. As a result, the demand for computer chips ________ so that the price of a computer chip ________.

A) increases; rises

B) increases; falls

C) decreases; rises

D) decreases; falls

E) decreases; does not change

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more