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Demand & Supply Factors Quiz

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Demand & Supply Factors Quiz

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Key market determinants

Created by

Liz
Liz
United States

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Demand & Supply Factors Quiz
 

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Demand & Supply Factors QuizOnline version

Key market determinants

by Liz
1

What happens to demand for a normal good when income rises?

2

A shift of the entire curve is caused by what?

3

Which factor most commonly shifts the demand curve to the right?

4

If input prices rise, the supply curve typically...

5

According to the law of supply, as price rises, quantity supplied...

6

Substitutes in production cause a rise in the price of one to affect the other how?

7

If producers expect higher future prices, current supply tends to...

8

A per-unit tax on sellers shifts the supply curve how?

9

A fall in the price of a complement in consumption affects demand how?

10

A good with many substitutes usually has what type of price elasticity of demand?

 
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