Explain the difference between a change in quantity supplied and a change in supply.

Question

44)
Explain the difference between a change in quantity supplied and a change in supply.

45)
Describe the changes in the variables that will cause supply for a product to
increase, shifting the supply curve down and to the right.

46)
Describe the changes in the variables that will cause supply for a product to
decrease, shifting the supply curve up and to the left.

47)
As a result of advances in technology, cellular telephones have become cheaper
to produce. Illustrate the effect of this change on the market for cellular
telephones.

48)
Using a graph, illustrate the effect that an increase in production costs will
have on the equilibrium price and quantity of a good.

49)
Explain what would happen to the equilibrium price and quantity of oranges if
the supply of oranges increased while the demand for oranges decreased.

50)
Explain what would happen to the equilibrium price and quantity of pineapples
if the supply of pineapples decreased while the demand for pineapples
increased.

51)
Explain what would happen to the equilibrium price and quantity of iPhones if
the supply of iPhones increased while the demand for iPhones also increased.

52)
Explain what would happen to the equilibrium price and quantity of gasoline if
the supply of gasoline decreased while the demand for gasoline also decreased.

53)
Explain what will happen to the equilibrium price and quantity of hybrid
automobiles if there are technological advancements in the production of hybrid
automobiles while at the same time consumer preference for hybrid automobiles
increases.

Posted in Uncategorized

Leave a Reply