Which would NOT cause a shift of the supply curve to the right? an improvement in production technology O a decrease in the price of raw materials used in production O prices of related commodities that use the same inputs decrease a reduction in subsidies given to producers

Assume that supply decreases greatly and demand decreases slightly. Which of the following will happen? Equilibrium price will fall and equilibrium quantity will rise. Equilibrium price will rise and equilibrium quantity will fall. O Equilibrium price will rise and equilibrium quantity will rise. Neither equilibrium price nor equilibrium quantity will change.

Consider the market for laptop computers. Click on the graph to the right to determine how the following event will impact this market. Do this by illustrating the event on the graph and then assess its impact on the equilibrium quantity and the market price Event: The price of memory chips used in laptop computers declines. OA. The supply increases, causing the equilibrium quantity to rise and the market price to fall. OB. The supply increases, causing the equilibrium quantity to fall and the market price to rise. OC. The supply decreases, causing the equilibrium quantity to fall and the market price to rise. OD. The quantity supplied increases, causing the equilibrium quantity to rise and the market price to fall. Price (hundreds of 5) 2345674 10 11 12 Quantity (housands per month)

Which of the following would cause the price of beef to rise and the quantity to rise? O a. An increase in the price of chicken O b. New regulations regarding the raising of animals that are costly to implement O c. Increased social concern about the negative consequences of beef consumption O d. A reduction in the price of hay and silage (these are both things fed to cows)