Choose the best answer and fill in the corresponding oval on your scantron. Chan

Question

Choose the best answer and fill in the corresponding oval on your scantron. Changes in which of the following items will shift the supply curve of hamburgers? An increase in the price of meat used to produce hamburgers An economy-wide decrease in income because of a long recession. New research that establishes a link between hamburgers and heart problems. A rise in the price of soda, a complement for hamburgers. The above table shows the demand schedule and supply schedule for chocolate chip cookies. What is the equilibrium quantity and equilibrium price for chocolate chip cookies? 4 pounds; 55.00 per pound 2 pounds; 53.00 per pound 2 pounds, 56.00 per pound 7 pounds; 53.00 per pound The above figure shows the market for gasoline. Which figure shows the effect of an increased preference for cars that are smaller and more fuel efficient?

Explanation / Answer

1 b 2 d

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