Reference no: EM13963527
1) skateboards become more expensive. the demand for bikers, a substitute good, will
A. Rise
B. Remain the same
C. Fall
2) The price of mashed potatoes increases. The demand for fries, a substitute for mashed potatoes,
A.Decreases
B. Increases
C. Dosent change
3) Income goes up. The demand for bubble gum, a normal good,
A.Increase
B. Neither up nor down
C.Decrease
4) The price of cotton changes. The supply of cotton T-shirts will
A. Not shift
B. shift left if the price of cotton has increased and shift right if the price of cotton has decreased
C. shift right if the price of cotton has increased and shift left if the price of cotton has decreased
5) The price of the steel used to make car engines decreases. The demand for cars will
A. Shift to the right
B. shift to the left
C. Not shift
6) A new law makes drinking soda illegal. The demand for soda will
A. not change
B. rise
C. fall
7) a hurricane destroys banana trees in the Philippines. The supply of pineapples will
A. Decrease
B. Increase
C. Not change
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