For each of the following markets,indicate whether the stated change causes a shift in the supply curve,a shift in the demand curve,a movement along the supply curve,and/or a movement along the demand curve.
(A)The housing market: consumers' incomes fall.
(B)The tea market: there is an increase in the production in India.
(C)The coffee market: the price of cream goes up.
(D)The fast-food market: the number of consumers in an area decreases.
(E)The gasoline market: government regulations raise production costs.

Question

Quizplus · Accepted Answer

The Answer of For each of the following markets,indicate whether the stated change causes a shift in the supply curve,a shift in the demand curve,a movement along the supply curve,and/or a movement along the demand curve.
(A)The housing market: consumers' incomes fall.
(B)The tea market: there is an increase in the production in India.
(C)The coffee market: the price of cream goes up.
(D)The fast-food market: the number of consumers in an area decreases.
(E)The gasoline market: government regulations raise production costs.

For Each of the Following Markets,indicate Whether the Stated Change