Review for CA UNIT 4 Supply & Demand / Markets Money & Banking Unit

list all answers that apply 3. On a supply and demand graph, supply will decrease and shift to the left when which of the following happens? A There are more government regulations in place. B The total costs of inputs decreases. C Competition increases. D Production taxes rise over a short period of time. E The producer expects the cost of materials to be reduced in the month ahead 4. On a supply and demand graph, supply will increase and shift to the right when which of the following happens? A There are more government regulations in place. B The total costs of inputs decreases. C Competition decreases. D Production subsidies rise over a short period of time. E There is improvement in technology

REVIEW for Unit 4 TEST Few sellers Many barriers to market entry On a supply and demand graph, supply will increase and shift to the right when which of the following happens? There are more government regulations in place The total costs of inputs decreases. Competition increases. (Number of suppliers increases) Production taxes rise over a short period of time New technology is developed More than 1 answer!! Few sellers Many barriers to market entry Little product differentiation Concern with Price fixing WHAT DOES THIS DESCRIBE?

REVIEW for Unit 4 TEST Few sellers Many barriers to market entry On a supply and demand graph, supply will increase and shift to the right when which of the following happens? There are more government regulations in place The total costs of inputs decreases. Competition increases. (Number of suppliers increases) Production taxes rise over a short period of time New technology is developed Few sellers Many barriers to market entry Little product differentiation Concern with Price fixing WHAT DOES THIS DESCRIBE? Oligopoly

In a supply and demand graph what happens if the cost of parts for cell phones decreases? Hint: Is is supply or demand? Does it increase or decrease? Which way does the graph move? For most products and services, increased price results in Demand for fewer or more products? Supply for fewer or more products? Substitutes? Compliments? Jessica has been wearing a popular style sneaker for several years; and she loves them. Recently, because the price increased by $30, she has not been able to afford them on her meager salary. Many of her friends are in the same position. How will the price affect the quantity demanded and supplied? Advertising, fashion trends, and new product introductions serve to

In a supply and demand graph what happens if the cost of parts for cell phones decreases? Hint: Is is supply or demand? Does it increase or decrease? Which way does the graph move? For most products and services, increased price results in Demand for fewer or more products? Supply for fewer or more products? More Substitutes Less Compliments Jessica has been wearing a popular style sneaker for several years; and she loves them. Recently, because the price increased by $30, she has not been able to afford them on her meager salary. Many of her friends are in the same position. How will the price affect the quantity demanded LESS and supplied MORE? Advertising, fashion trends, and new product introductions serve to change CONSUMER TASTE and move the demand curve

In a market economy, a high price is a signal for Producers to supply ____ Consumers to buy____ In a supply and demand graph what happens if the cost of parts for products decreases? Large number of sellers Little control over prices Some product differences Easy to enter market What type market structure does this describe? Which has only 1 seller?

In a market economy, a high price is a signal for Producers to supply more Consumers to buy less In a supply and demand graph what happens if the cost of parts for products decreases? Supply graft shifts to the RIGHT Large number of sellers Little control over prices Some product differences Easy to enter market What type market structure does this describe? MONOPOLISTIC COMPETITION Which has only 1 seller? MONOPOLY