Economics 211 clicker questions
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Economics 211 Clicker Questions. Chapter 4 – Question Set #3. Holding the nonprice determinants of supply constant, a change in price would. result in either a decrease in supply or an increase in supply. result in a movement along a stationary supply curve. result in a shift of demand.

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Economics 211 Clicker Questions

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Economics 211 clicker questions

Economics 211Clicker Questions

Chapter 4 – Question Set #3


Holding the nonprice determinants of supply constant a change in price would

Holding the nonprice determinants of supply constant, a change in price would

  • result in either a decrease in supply or an increase in supply.

  • result in a movement along a stationary supply curve.

  • result in a shift of demand.

  • have no effect on the quantity supplied.

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If the demand for a product increases we would expect

If the demand for a product increases, we would expect

  • equilibrium price to increase and equilibrium quantity to decrease.

  • equilibrium price to decrease and equilibrium quantity to increase.

  • equilibrium price and equilibrium quantity both to increase.

  • equilibrium price and equilibrium quantity both to decrease.

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Increase and decrease in demand

Increase and Decrease in Demand


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