3. The Market Forces of Supply and Demand
Using the Supply and Demand Curves to Find Equilibrium
3. The Market Forces of Supply and Demand
Using the Supply and Demand Curves to Find Equilibrium
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- Multiple Choice
If the economy booms and incomes rise, what happens in the markets for inferior goods?
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A change in which of the following will NOT shift the demand curve for ice cream?
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A decrease in _________ will cause a movement along a given supply curve, which is called a change in __________.
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Gum and mints are substitutes. If the price of gum increases, what happens in the market for mints?
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