Transcript Holding the nonprice determinants of supply constant, a change in

ECONOMICS 211
CLICKER QUESTIONS
Chapter 4 – Question Set #3
Holding the nonprice determinants of supply constant,
a change in price would
1.
2.
3.
4.
result in either a decrease in supply
or an increase in supply.
result in a movement along a
stationary supply curve.
result in a shift of demand.
have no effect on the quantity
supplied.
Response
Counter
0%
1.
0%
2.
0%
3.
0%
4.
If the demand for a product increases, we would
expect
1.
2.
3.
4.
equilibrium price to increase and equilibrium
quantity to decrease.
equilibrium price to decrease and equilibrium
quantity to increase.
equilibrium price and equilibrium quantity
both to increase.
equilibrium price and equilibrium quantity
both to decrease.
0%
Response
Counter
1.
0%
2.
0%
3.
0%
4.
Increase and Decrease in Demand