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Demand Curve Quiz

Which of the following is NOT an application of supply and demand analysis?

Plastic and steel are substitutes in the production of body panels for certain automobiles. If the price of plastic increases, with other things remaining the same, we would expect

Which of the following would shift the demand curve for new textbooks to the right?

Sugar can be refined from sugar beets. When the price of those beets falls

Which of the following events will cause a leftward shift in the supply curve of gasoline?

A supply curve reveals

Coffee and cream

When an industry's raw material costs increase, other things remaining the same

Assume that steak and potatoes are complements. When the price of steak goes up, the demand curve for potatoes

The process by which resources are transformed into useful forms is