Economics Demand Principles

Which of the following factors would cause a shift in the supply curve to the left?

If a company expects prices to rise in the future, they will likely

A decrease in the cost of production is likely to cause what to happen to the supply curve?

What is the relationship between equilibrium and supply and demand?

What is the impact of a price increase on the market?

What is the best way to describe the relationship between opportunity cost and scarcity?

Which of the following is NOT a factor that would cause a shift in the supply curve?

What is the core concept behind the market's ability to allocate resources efficiently?

What is the term for the situation where, as the quantity demanded increases, the price consumers are willing to pay per unit of the good diminishes?

When the price of a good falls, causing people to experience an increase in their 'real income' and purchase more of it, this is an example of the ______________ effect.

What happens to the demand curve when a factor other than price changes?

What is the relationship between price and quantity supplied, assuming ceteris paribus?

What is the effect of an increase in the price of a substitute good on the demand for the original good?

What is the economic term that describes the amount of a good that producers are willing to sell at a given price during a specific time period?

If two goods are complements, what is the expected effect on the demand for one good if the price of the other good decreases?

What are two key factors that influence consumer decision-making when determining the amount of a good they are willing to buy?

What is the primary signal that a surplus has occurred in the market?

What is the impact of a surplus on producers?

What is the economic concept that describes the benefit consumers gain from paying a price lower than what they are willing to pay?

What is the economic concept that describes the benefit producers gain from selling a good at a price higher than their production cost?

How does a decrease in price impact consumer behavior?

What is the economic concept that describes the optimal allocation of resources to maximize utility and social surplus?

What is the most likely outcome of a decrease in price on the production of goods?

How does the market price act as a signal in the allocation of resources?

A government decides to implement a policy that encourages increased spending on infrastructure projects. What is the most likely impact of this policy on aggregate demand?

If a central bank decides to raise interest rates, how will this likely affect aggregate demand?

What is the most likely effect of a decrease in consumer confidence on aggregate demand?

If a country experiences a significant increase in the price of imported goods, what is the most likely impact on aggregate supply?

What is the most likely outcome of a significant decrease in the labor force participation rate on aggregate supply?

How would a government's decision to increase taxes on businesses most likely impact aggregate demand?

A surge in technological innovation leads to a significant improvement in productivity within a country. What is the most likely impact on aggregate supply?

A country experiences a period of high inflation. What is the most likely impact on aggregate demand?

If the government implements a policy to increase taxes on businesses, what is the most likely immediate consequence on the aggregate supply curve?

Assume the central bank implements a contractionary monetary policy by raising interest rates. What is the most likely impact on aggregate demand?

Suppose the government implements a fiscal policy that involves a significant increase in government spending on infrastructure projects. What is the most likely impact on the aggregate demand curve?

If a sudden technological innovation leads to a dramatic increase in productivity for a major industry, what is the most likely impact on the aggregate supply curve?

A significant increase in consumer confidence leads to a surge in consumer spending. What is the most likely impact on the position of the aggregate demand curve?

Suppose the government reduces taxes on businesses in an effort to stimulate economic growth. How is this likely to impact the aggregate supply curve?

Which of the following events would most likely cause a decrease in the short-run aggregate supply curve?

Assume that the government implements a program of subsidies to encourage the production of renewable energy resources. What is the most likely short-term impact on the aggregate supply curve?

What is the primary mechanism through which a decrease in price signals a surplus to market participants?

How does consumer surplus relate to the concept of allocative efficiency?

How does the concept of producer surplus relate to the allocation of resources in a market?

Which of the following correctly describes the relationship between allocative efficiency and the market price?

How does the concept of 'rationing of income' relate to the impact of a price increase on consumer behavior?

When a surplus occurs in the market, which of the following actions are most likely to be taken by firms?

What is the primary mechanism by which a decrease in price incentivizes consumers to spend more?

Which of the following correctly describes the impact of a decrease in price on the allocation of resources?