The phrase demand has increased means that selected

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Question 31The phrase "demand has increased" means thatSelected Answer:a demand curve has shifted to the right.Answers:there has been a downward movement along a demand curve.there has been an upward movement along a demand curve.a demand curve has shifted to the left.a demand curve has shifted to the right.
Question 32Figure 3-72.5 out of 2.5 points2.5 out of 2.5 points2.5 out of 2.5 points
Refer to Figure 3-7.Assume that the graphs in this figure represent the demand and supply curvesfor potatoes and that steak and potatoes are complements. What panel describes what happens inthis market when the price of steak rises?
Question 33________ means the supply curve has shifted to the right, while ________ refers to a movement alonga given supply curve in response to an increase in price.
Question 34Which of the following describes a characteristic of a perfectly competitive market?
2.5 out of 2.5 points2.5 out of 2.5 points
Question 35Figure 3-7Refer to Figure 3-7.Assume that the graphs in this figure represent the demand and supply curvesfor rice. What happens in this market if buyers expect the future price of rice to fall?Selected Answer:Panel (d)Answers:Panel (a)Panel (b)Panel (c)Panel (d)
Question 36A demand curve shows the relationship between

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