简答题A improvement in production technology will shift the ______. A、supply curve to the right B、supply curve to the left C、demand curve to the right D、demand curve to the left简答题Pizza is a normal good if the demand ______. A、for pizza rises when income rises B、for pizza rises when the price of pizza falls C、curve for pizza slopes upward D、curve for pizza shifts to the right when the price of burritos rises, assuming pizza and burritos are substitutes多选题The following table contains a supply schedule for a good. If the law of supply applies to this good, then Q1 could be ______. A、0 B、50 C、100 D、150简答题If something happens to alter the quantity demanded at any given price, then ______. A、the demand curve becomes steeper B、the demand curve becomes flatter C、the demand curve shifts D、we move along the demand curve简答题Today, producers changed their expectations about the future. This change ______. A、can cause a movement along a supply curve B、can affect future supply, but not today’s supply C、can affect today’s supply D、cannot affect either today’s supply or future supply简答题When a seller expects the price of its product to decrease in the future, the seller's supply curve shifts left now.简答题The quantity demanded of a good is the amount that buyers are ______. A、willing to purchase B、willing and able to purchase C、willing, able, and need to purchase D、able to purchase简答题A market demand curve shows ______. A、the relationship between price and the number of buyers in a market B、how quantity demanded changes when the number of sellers changes C、the sum of all prices that individual buyers are willing and able to pay for each possible quantity of the good D、how much of a good all buyers are willing and able to buy at each possible price简答题“Other things equal, when the price of a good rises, the quantity supplied of the good also rises, and when the price falls, the quantity supplied falls as well.” This relationship between price and quantity supplied ______. A、is referred to as the law of supply B、applies only to a few goods in the economy C、is represented by a downward-sloping supply curve D、All of the above are correct.简答题Suppose you make jewelry. If the price of gold falls, then we would expect you to ______. A、be willing and able to produce less jewelry than before at each possible price B、be willing and able to produce more jewelry than before at each possible price C、face a greater demand for your jewelry D、face a weaker demand for your jewelry.简答题Which of the following events must cause equilibrium price to rise? A、Demand increases and supply decreases. B、Demand and supply both decrease. C、Demand decreases and supply increases. D、Demand and supply both increase.简答题Suppose roses are currently selling for 30 per dozen. We would expect a A、shortage to exist and the market price of roses to increase. B、shortage to exist and the market price of roses to decrease. C、surplus to exist and the market price of roses to increase. D、surplus to exist and the market price of roses to decrease.简答题If there is an improvement in the technology used to produce a good, then the supply curve for that good will shift to the left.多选题In the following graph, the shift from S to S' could be caused by an ______. A、increase in the price of the good B、improvement in production technology C、increase in income D、increase in input prices简答题In a competitive market, the quantity of a product produced and the price of the product are determined by ______. A、buyers B、sellers C、both buyers and sellers D、None of the above is correct.多选题The movement from point A to point B on the following graph is caused by ______. A、an increase in price B、a decrease in price C、a decrease in the price of a substitute good D、an increase in income简答题An example of a perfectly competitive market would be the market for ______. A、electricity B、soybeans C、coffee shops D、restaurants简答题If baked potatoes and sour cream are complements, then an increase in the price of sour cream decreases the demand for baked potatoes.简答题In a market, to find the total amount supplied at a particular price, we must ______. A、sum the quantities that individual firms are willing and able to supply at that price B、calculate the average of the quantities that individual firms are willing and able to supply at that price C、sum the costs that individual firms incur to supply the product at that price D、account for all determinants of demand.简答题Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n) A、decrease in the demand for printers and a decrease in the quantity supplied of printers. B、decrease in the supply of printers and a decrease in the quantity demanded of printers. C、decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers. D、increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers.