What way does the demand curve shift after a recall has been issued?
What is shift left
100
The equilibrium is located at what intersection
What is the intersection of the supply and demand curve
100
McMansion's typically due what to the surrounding properties value
What is rise them up
100
In order to start a new business, where could one go to find out particular regulations
What is local court house, city hall, web, and even asking other business owners
200
What way does demand always slope
What is down and to the right
200
If the cost of car parts decreases the supply curve will shift
What is right
200
What two things determine if a new house is a McMansion
What is size (4,000-10,000sqft) and whether or not it was built on a existing lot
200
What level is the barrier to market entry in a monopoly
What is complete
300
If the price for airline travel decreases what happens to the the demand curve of traveling by rail
What is the demand curve shifts left
300
Knowingly violating the EPA can potentially lead to loss of
What is demand. (Due to non price determinant of demand such as concern for health reasons)
300
Who in the community would favor the ordinance to restrict the size of McMansions
Who is current homeowners
300
What level of control over price do businesses in an oligopoly have
What is little control over price
400
What is the non price determinants of demand
What is change in consumer Taste, consumer Income, Market size or # of buyers, consumer Expectations, price of Related goods
400
If the production tax on cars is increased what way will the supply curve shift
What is shifts to the left
400
Would the government receive more or less tax revenue if there were more McMansions built
What is more tax revenue
400
In a pure competition how many buyers and sellers are there
What is a large number of buyers and sellers
500
What is the non-price determinants of supply
What is change in Technology, Input costs, Government regulations, other Goods, Expectation of the product, tax or subsidy Rates, and finally change in number of Sellers
500
What would happen to the supply and demand if a can of soda suddenly cost 2 dollars
What is supply will increase and demand will decrease
500
Why might a member of the already established community protest ordinances that stop the building of McMansions
What is planning to sell
500
If you went to a bank to get an investment for a start up business what two things should you have already