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# IncEc1 Supply/Demand

If the demand for cars increased, what would happen to the price of cars? Increase
If the supply of carrots decreased, what would happen to the price of carrots? Increase
What would happen to the equilibrium price and quantity of used cars, an inferior good, if incomes increased? Price would decrease; Quantity would decrease
What would happen to the price and quantity of computers if the government increased the amount of regulations on the production of computers? Price would increase; Quantity would decrease
What would happen to the price and quantity of gas if the supply of gas on the market increased? Price would decrease; Quantity would increase
If the cost of making coffee went down, what would happen to the price of coffee? decrease
If there is an oil spill, what will happen to the supply of oil, and then what will happen to the price of oil as a result? Supply would decrease; Price would increase
If there is a drought, what will happen to the supply and price of wheat? Supply would decease; Price would increase
Created by: Gwen Schleif
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