Which of the following will cause the demand curve to shift?

In an analysis of the market for paint, an economist discovers the facts listed below. State whether each of these changes will affect supply or demand, and in what direction. There have recently been some important cost-saving inventions in the technology for making paint. Paint is lasting longer so that property owners need not repaint as often. Because of severe hailstorms, many people need to repaint now. The hailstorms damaged several factories that make paint, forcing them to close down for several months.

When analyzing a market, how do economists deal with the problem that many factors that affect the market are changing at the same time?

How does one analyze a market where both demand and supply shift?

Figure 4-10 7 Quantity Refer to the Figure 4-10. What would cause the movement from point A to point B on the graph? Select one: O a. an increase in technology O b. an increase in the price of the good O C. a decrease in input prices O d. a decrease in the price of the good

Figure 4-10 Pace Quantity Refer to the Figure 4-10. What would cause the movement from point B to point A on the graph? Select one: O a. an increase in technology b. an increase in the price of the good O c. a decrease in the price of the good O d. a decrease in input prices

Assume a demand curve for coffee; Which of the following would NOT shift the demand curve for coffee? Select one: O a. an increase in wages O b. a decrease in the price of tea O c. price of coffee changes O d. a change in taste for tea

Each point along the market demand curve shows... O A. the quantity of the good that consumers would be willing and able to purchase at a specific price O B. the opportunity cost of supplying a given quantity of goods to the market O C. the quantity of the good that consumers would be willing to purchase at a specific price O D. the quantity of the good that firms would be willing and able to produce at a specific price Previous page W * P

For each case below, state whether you think the correlation is positive or negative. Also state whether the correlation is due to a direct cause, common underlying cause or a coincidence. a. Correlation between demand for breakfast cereal and demand for bread. The correlation is likely? The correlation is likely due to O a direct cause because an increase in demand for breakfast cereal would likely cause an increase in demand for bread O a common underlying cause that would affect both demand for breakfast cereal and demand for bread O a direct cause because an increase in demand for breakfast cereal would likely cause a decrease in demand for bread O a coincidence because it is unlikely that an increase in demand for breakfast cereal would cause demand for bread to change

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