ECON 2071 - A change in which of the following will NOT shift

Question # 00569033 Posted By: dr.tony Updated on: 07/31/2017 01:28 PM Due on: 07/31/2017
Subject Economics Topic Microeconomics Tutorials:
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  • 1. A change in which of the following will NOT shift the demand curve for hamburgers?

  • a. the price of hot dogs
  • b. the price of hamburgers
  • c. the price of hamburger buns
  • d. the income of hamburger consumers


  • 2. An increase in ________ will cause a movement along a given demand curve, which is called a change in ________.a. supply, demand
  • b. supply, quantity demanded
  • c. demand, supply
  • d. demand, quantity supplied


  • 3. Movie tickets and DVDs are substitutes. If the price of DVDs increases, what happens in the market for movie tickets?a. The supply curve shifts to the left.
  • b. The supply curve shifts to the right.
  • c. The demand curve shifts to the left.
  • d. The demand curve shifts to the right.


  • 4. The discovery of a large new reserve of crude oil will shift the ________ curve for gasoline, leading to a ________ equilibrium price.a. supply, higher
  • b. supply, lower
  • c. demand, higher
  • d. demand, lower


  • 5. If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?a. Prices and quantities both rise.
  • b. Prices and quantities both fall.
  • c. Prices rise, quantities fall.
  • d. Prices fall, quantities rise.


  • 6. Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold?a. an increase in the price of peanut better, a complement to jelly
  • b. an increase in the price of Marshmallow Fluff, a substitute for jelly
  • c. an increase in the price of grapes, an input into jelly
  • d. an increase in consumers' incomes, as long as jelly is a normal good
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  1. Tutorial # 00566721 Posted By: dr.tony Posted on: 07/31/2017 01:29 PM
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