Solved > 4.4   Integrative Questions 1) Consider the market for:1912164 …

4.4   Integrative Questions

1) Consider the market for bread. If the price of wheat rises, then the

A) demand curve for bread shifts leftward.

B) supply curve of bread shifts leftward.

C) price of bread falls.

D) equilibrium quantity of bread increases.

E) demand curve for bread shifts rightward.

2) Consider the market for turkeys. In the United States, because of Thanksgiving in the month of November,

A) there is a downward movement along the demand curve for turkeys.

B) there is an upward movement along the supply curve for turkeys.

C) the supply curve of turkeys shifts leftward.

D) the demand curve for turkeys shifts leftward.

E) neither the demand curve nor the supply curve shift; instead there is a movement along both curves.

3) Consider the market for feather pillows. If there is an increase in the price of feather dusters, a substitute in production for feather pillows, then

A) the price of feather pillows decreases.

B) the demand curve for feather pillows shifts leftward.

C) the supply curve for feather pillows shifts leftward.

D) there is a downward movement along the demand curve for feather pillows.

E) the demand curve for feather pillows shifts rightward.

4) Consider the market for peanut butter. If there is an increase in the price of peanuts,

A) there is an upward movement along the supply curve for peanut butter.

B) the supply curve for peanuts shifts rightward.

C) there is a decrease in the supply of peanuts.

D) there is a decrease in the supply of peanut butter.

E) there is a decrease in the demand for peanut butter.

5) Peanut butter and jelly are complements for many consumers. Consider the market for peanut butter. If there is an increase in the price of jelly,

A) there is a movement along the supply curve of peanut butter.

B) the price of peanut butter rises.

C) the quantity of peanut butter increases.

D) there is a shift in the supply curve for jelly.

E) the demand curve for peanut butter does not shift; instead there is a movement along it.

6) Consider the market for wheat. If there is an improvement in harvesting technology,

A) the supply curve for wheat shifts rightward.

B) the demand curve for wheat shifts rightward.

C) there is a movement up along the demand curve.

D) the equilibrium price rises.

E) the demand curve for wheat shifts leftward.

7) Consider the market for camera film. If more people start using digital cameras, which do not require film,

A) the supply curve of film shifts rightward.

B) the demand curve for film shifts leftward.

C) there is a movement up along the demand curve for film.

D) there is a movement down along the demand curve for film.

E) neither the demand curve nor the supply curve for film shifts; instead there is a movement along both.

8) The above figures show the market for HD televisions. If people’s incomes increase and HD televisions are a normal good, which figure shows the effect of this change?

A) Figure A

B) Figure B

C) Figure C

D) Figure D

E) None of the figures represent this change.

9) The above figures show the market for HD televisions. Blu-ray players can be used to play HD movies. If the price of blu-ray players falls, then which figure shows the effect of this change in the market for HD televisions?

A) Figure A

B) Figure B

C) Figure C

D) Figure D

E) None of the figures represent this change.

10) The above figures show the market for HD televisions. If research is published showing that watching HD television shows causes eye damage, then which figure shows the effect of this change?

A) Figure A

B) Figure B

C) Figure C

D) Figure D

E) None of the figures represent this change.

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