3. Supply and Demand
Supply and Demand Together: Equilibrium, Shortage, and Surplus
3. Supply and Demand
Supply and Demand Together: Equilibrium, Shortage, and Surplus
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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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