1 / 4

Economics 211 Clicker Questions

Economics 211 Clicker Questions. Chapter 4 – Question Set #3. Holding the nonprice determinants of supply constant, a change in price would. result in either a decrease in supply or an increase in supply. result in a movement along a stationary supply curve. result in a shift of demand.

zohar
Download Presentation

Economics 211 Clicker Questions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Economics 211Clicker Questions Chapter 4 – Question Set #3

  2. Holding the nonprice determinants of supply constant, a change in price would • result in either a decrease in supply or an increase in supply. • result in a movement along a stationary supply curve. • result in a shift of demand. • have no effect on the quantity supplied. Response Counter

  3. If the demand for a product increases, we would expect • equilibrium price to increase and equilibrium quantity to decrease. • equilibrium price to decrease and equilibrium quantity to increase. • equilibrium price and equilibrium quantity both to increase. • equilibrium price and equilibrium quantity both to decrease. Response Counter

  4. Increase and Decrease in Demand

More Related