Demand shifts when:
A) production costs change
B) producer technology increases
C) tastes and preferences change
D) none of the other answers
Correct Answer:
Verified
Q20: Market equilibrium:
A) shifts due to changes in
Q21: When the price of apples is lower
Q22: When the price of apples is higher
Q23: When we study a shift in supply
Q24: Supply shifts when:
A) production costs change
B) consumers
Q26: An increase in the demand for cotton
Q27: A drought in the corn belt will
Q28: Favorable weather results in:
A) a rightward shift
Q29: An increase in consumer income will cause:
A)
Q30: If the price of corn increases:
A) the
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