During the Civil war, if shopkeepers expected the price of butter to increase in the future, what would happen to the supply of butter today?

Suppose an increase in demand in the market for mutual funds (a financial capital market) causes the interest rate to increase from 2% to 4%. How will this increase in demand affect supply and quantity supplied?

In the early 2000s the price of gasoline rose, causing the demand for hybrid cars to rise. As a result the price of hybrid cars rose. This made _____________ rise. Should the missing words be the supply or the quantity supplied?

If everyone thinks that the price of gas will go up next week, what is likely to happen to the demand for gasoline today?

In the graph below start in equilibrium, show an increase in supply. What happens to equilibrium price?   What happens to equilibrium quantity?  Make sure you label the axis, the curves and original price and quantity and the new price and quantity.

The price of the commodity falls. What will happen to the quantity demanded and the quantity supplied for this commodity.

Why are demand and supply diagrams so interesting and important?

The price of a gallon of gas moves up and down often. What this means is that, most of the time, the gasoline market is not in equilibrium. When its price goes up, what might be happening to cause this? When the price goes down, what might be happening to cause this?

Suppose a tax on gasoline is imposed on consumers in order to discourage the consumption of oil. What will shift in the market? Demand will decrease and quantity supplied will decrease. Demand will increase and quantity supplied will decrease. Demand will decrease and quantity supplied will increase. Demand will increase and quantity supplied will increase.