Sophia Macroeconomics Unit 2 Challenge 1.docx - Sophia...

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Sophia Macroeconomics Unit 2 Challenge 11 — Law of DemandWhich of the following statements is FALSE relating to the Law of Demand?
2 — Shifts in DemandAccording to recent numbers, demand for college education had fallen in recent years. Which of the following examples would indicate a movement along the demand curve?
3 — Law of SupplyAs prices increase, producers are willing to __________.
4 — Shifts in SupplyWhich of the following causes a shift in supply to the left?
5 — Consumer SurplusSuppose you are willing to pay $3 for an ice cream cone. The price at the local creamery is

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