Question 16 of 205.0/ 5.0 PointsSuppose that the quantity of cars supplied exceeds the quantity of cars demanded. We would expect that __________. A. the price of cars will increaseB. the price of cars will decreaseC. the supply will increase (supply will shift to the right. to meet the demand
D. the demand will decrease (demand will shift to the left. to meet the supply Question 17 of 205.0/ 5.0 PointsIn the event of excess supply in the coffee market __________. Question 18 of 200.0/ 5.0 PointsThe big tradeoff is the tradeoff between __________.
Question 19 of 205.0/ 5.0 PointsWhen there is a change in the quantity demanded it means that __________.
Question 20 of 205.0/ 5.0 PointsAn increase in supply of a product results when __________. A. taxes on the product are increasedB. the companies that produce the product have higher materials costsC. technological innovations are introduced in the manufacturing processD. the government reduces subsidies on the product
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- Spring '19
- Supply And Demand, Rita, Flo, Celeste