{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Practice Quiz Chap 5 - Pop Quiz worksheet 1:chapter 5 NAME...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Pop Quiz worksheet 1:chapter 5 NAME:__________________________________ COURSE: ________________________________ 1. An increase in demand: a. will create a higher equilibrium price. b. will create a smaller equilibrium quantity. c. is reflected as a leftward shift in demand. d. could be caused by an increase in the price of a substitute good or service. 2. Compared to last year, fewer oranges are being bought and the selling price has decreased. This could have been caused by: 3. A decrease in supply will: 4. If demand and supply both increase, this will cause:
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}