1. Business
2. Economics
3. please answer at least half of the questions as...

# Question: please answer at least half of the questions as...

###### Question details

PLEASE ANSWER AT LEAST HALF OF THE QUESTIONS , AS I CANNOT REPOST THE QUESTIONS ANY MORE (

THANK YOU !!!

6. True or False. The Law of Demand states: if the Price goes up, the Quantity demanded decreases.

7. Use the graph below: Moving from Point 1 to Point 2 shows,

(a) a change in Quantity demanded.

(b) a change in Demand.

(c) neither is true. 8. Use the graph below: The shift from curve D1 to D2 shows,

(a) a change in Quantity demanded.

(b) a change in Demand.

(c) neither is true. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Supply SHOCKS --> Shifts in Supply. Above is the Supply (Cost) curve for BEER.  Tell me which shift will happen,  a or b,  if:

9. Storms destroy most of the grain crops for this year’s beer supply.

10. Government places a higher Tax on beer sold by beer companies.

11. New brewery technologies help lower the energy costs to produce beer!

12. There is excellent weather for growing grain used to make beer, this year!

14.  True or False. "The Law of Supply states: When the price of a good increases, Supply increases."

15. Use the graph shown below: The shift from curve S1 to curve S2 is called

(a)  a decrease in Quantity Supplied.

(b)  a decrease in Supply.

(c) an increase in Quantity Supplied.

(d)  an increase in Supply. 16.   Use the graph shown below: Moving from point A to point B below, shows

(a) a decrease in the Quantity Supplied.

(b)  a decrease in Supply

(c) an increase in the Quantity Supplied

(d) an increase in Supply. 6. True or False. The Law of Demand states: if the Price goes up, the Quantity demanded decreases.

7. Use the graph below: Moving from Point 1 to Point 2 shows,

(a) a change in Quantity demanded.

(b) a change in Demand.

(c) neither is true. 8. Use the graph below: The shift from curve D1 to D2 shows,

(a) a change in Quantity demanded.

(b) a change in Demand.

(c) neither is true. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Supply SHOCKS --> Shifts in Supply. (2 pts) Above is the Supply (Cost) curve for BEER.  Tell me which shift will happen,  a or b,  if:

9. Storms destroy most of the grain crops for this year’s beer supply.

10. Government places a higher Tax on beer sold by beer companies.

11. New brewery technologies help lower the energy costs to produce beer!

12. There is excellent weather for growing grain used to make beer, this year!

14.  True or False. "The Law of Supply states: When the price of a good increases, Supply increases."

15. Use the graph shown below: The shift from curve S1 to curve S2 is called

(a)  a decrease in Quantity Supplied.

(b)  a decrease in Supply.

(c) an increase in Quantity Supplied.

(d)  an increase in Supply. 16.   Use the graph shown below: Moving from point A to point B below, shows

(a) a decrease in the Quantity Supplied.

(b)  a decrease in Supply

(c) an increase in the Quantity Supplied

(d) an increase in Supply. ###### Solution by an expert tutor 