logo
menu
Sign up
  1. Topics
  2. Business
  3. Macroeconomics Study Set 48
  4. Quiz 3: Supply and Demand

You Notice That the Price of Blu-Ray Players Falls and the Quantity

Question 172
Multiple Choice

You notice that the price of Blu-ray players falls and the quantity of Blu-ray players sold increases. You suspect that _____ Blu-ray players shifts to the _____. A) demand for; right. B) demand for; left. C) supply of; right. D) supply of; left.

Related questions
Q 173
If the United States increases tariffs on imports of lumber from Canada (which raises the price of lumber in the United States), the equilibrium price of new homes in the United States will _____ and the equilibrium quantity of new homes in the United States will _____. A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Q 174
Customers used to pay inside before pumping gas. When gas stations introduced paying at the pump, thus decreasing production costs, there was a shift to the _____ in the _____ curve and gas prices _____. A) right; supply; decreased B) left; supply; increased C) right; demand; increased D) left; demand; decreased
Q 175
Many public utilities burn oil to generate electricity. If the price of oil increases, we expect a shift to the _____ in the _____ curve for _____ and a _____ price for electricity. A) right; supply; electricity; lower B) left; supply; electricity; higher C) right; demand; oil; higher D) left; demand; oil; lower
logo
QuizPlus
  • About
  • How it work
  • Pricing
Links
  • Privacy Policy
  • Terms And Conditions
  • Refund Policy
Contact Us
  • info@quizplus.com
© 2020 QuizPlus. All Right Reserved