Question : 39) If in the market for apples the supply has : 1387386

39) If in the market for apples the supply has decreased, then

A) the supply curve for apples has shifted to the right.

B) there has been a movement upwards along the supply curve for apples.

C) the supply curve for apples has shifted to the left.

D) there has been a movement downwards along the supply curve for apples.

40) If in the market for bananas the supply curve has shifted to the right, then

A) the supply of bananas increased.

B) the quantity of bananas supplied has increased.

C) the supply of bananas has decreased.

D) the quantity of bananas supplied has decreased.

41) Last month, the Tecumseh Corporation supplied 400 units of three-ring binders at $6 per unit. This month, the company supplied the same quantity of binders at $4 per unit. Based on this evidence, Tecumseh has experienced

A) a decrease in supply.

B) an increase in supply.

C) an increase in the quantity supplied.

D) a decrease in the quantity supplied.

42) ________ means the supply curve has shifted to the right, while ________ refers to a movement along a given supply curve in response to an increase in price.

A) An increase in supply; a decrease in supply

B) A decrease in supply; an increase in supply

C) An increase in supply; an increase in quantity supplied

D) A decrease in supply; a decrease in quantity supplied

43) One would speak of a movement along a supply curve for a good, rather than a change in supply, if

A) the cost of producing the good changes.

B) supplier expectations about future prices change.

C) the price of the good changes

D) prices of substitutes in production change.

44) Which of the following would cause an increase in the supply of cheese?

A) a decrease in the price of wine (assuming that cheese and wine are complements)

B) an increase in the price of cheese

C) an increase the price of a product that producers sell instead of cheese

D) an increase in the number of firms that produce cheese

45) In July, market analysts predict that the price of gold will rise in August. What happens in the gold market in July, holding everything else constant?

A) The supply curve shifts to the right.

B) The supply curve shifts to the left.

C) The quantity demanded and the quantity supplied of gold increase.

D) The demand curve shifts to the left.

46) If the United States lifted the embargo on Cuban products, what would happen in the U.S. market for Cuban cigars?

A) The supply curve would shift to the left.

B) The supply curve would shift to the right.

C) The demand curve would shift to the right.

D) The demand curve would shift to the left.

47) George Gnat subscribes to a monthly pest control service for his home. Last week the owner of the service informed George that he will have to raise his monthly service fee because of increases in the price of gasoline used by his workers on their service trips. How is the market for pest control services affected by this?

A) There is an increase in the supply of pest control services.

B) There is a decrease in the demand for pest control services.

C) There is a decrease in the quantity supplied of pest control services.

D) There is a decrease in the supply of pest control services.

48) The growing popularity of energy conservation has enticed large home improvement stores like Home Depot and Lowes to offer tankless water heaters. How does the fact that home improvement stores now offer these products affect the tankless water heater market?

A) The demand curve for tankless water heaters shifts to the right.

B) The demand curve for tankless water heaters shifts to the left.

C) The supply curve for tankless water heaters shifts to the right.

D) The supply curve for tankless water heaters shifts to the left.