Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
IncEc1 Supply/Demand
| Question | Answer |
|---|---|
| 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
Popular Economics sets