Match 13 - 17 with \"a\" -\"\" a. Illustrated in a graph with a movement from on
ID: 1132641 • Letter: M
Question
Match 13 - 17 with "a" -"" a. Illustrated in a graph with a movement from one price quantity combination to another along one demand curve b. Illustrated in a graph with a movement from one price quantity combination to another along one supply curve c. Would lead to an increase in demand d. Would lead to an increase in supply e. Illustrated in a table with a new quantity demanded column of lower quantities f Illustrated in a graph with a shift of the supply curve to the left 13. Fewer luxury surgeries are provided due to higher business taxes 14. The population of users of fitness trackers rises. 15. Lower prices cause consumers to buy more charcoal face masks. 16. Due to less advertising, the taste for visits to presidential museums falls. 17. U.S. oil firms offer less oil for sale as the market price of oil falls.Explanation / Answer
Answer
13) must be matched with (f) Illustrated in a graph with shift in Supply Curve to the Left. Because Shift in supply will occur when there change in supply due to factors other than its own Price. Hence As supply decreases due to higher business Tax Hence Supply Curve will Shift to the Left.
14) must be matched with (c) Would Lead to an increase in demand. Because change in demand occurs due to factors other than price and as population increases demand should increase and Hence this would result in increase in demand.
15) must be matched with (a) Illustrated in a graph with a movement from one price quantity combination to another along one demand curve. Because Movement along Demand curve occurs when quantity demanded changes i.e. Demand changes due to its own price. And in this case quantity of charcoal face marks increases because of decrease in its own Price Hence, downward movement along demand curve will occur.
16) should be matched with (e) illustrated in a table with a new quantity demanded coloumn of lower quantities. Because Due to less advertising tastes falls and hence demand is less and hence should be illustrated in a table with a new quantity demanded coloumn of lower quantities
17) must be matched with (b) Illustrated in a graph with a movement from one price quantity combination to another along one Supply curve. Because Movement along Supply curve occurs when quantity supplied changes i.e. supply changes due to its own price. And in this case quantity of oil decreases because of decrease in its own Price Hence, It will result in leftward or downward movement along Supply curve