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Unformatted text preview: 29. GRAPH #1 30. GRAPH #4 31. an increase in the price of HBO and other premium movie channels 32. when there is a surplus of the good 33. false 34. true 35. true 36. false 37. increase decrease 38. there would be a large decrease in quantity demanded if the price were raised from $8.00 to $9.00 39. because the initial surplus will cause sellers to lower price in order to sell the unsold units of the good 40. because the initial increase in buying causes a shortage and some consumers who value the good highly will pay more for it rather than go without 41. a decrease in supply 42. unknown change increase 43. an increase in supply with a decrease in demand 44. price is above equilibrium 45. a combination of microeconomics and macroeconomics...
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- Spring '07