boulderhead
New Member
- Joined
- Feb 4, 2008
- Messages
- 3
- Gender
- Male
- HSC
- 2007
Any help would be great, thanks guys!
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52. Looking at supply and demand curves, what would happen in a market for bike helmets if there is a substantial increase in the price of bicycles?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
53. Looking at supply and demand curves, what would happen in the garment market if the wages of seamstresses rise?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
54. Looking at supply and demand curves, what would happen in the leather goods market if the government lifts a ban on imported leather?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
120. The govt proposes a tax on halogen bulbs in order to boost its revenue. Producers will bear the entire burden of the tax if the
A) demand curve for bulbs is vertical
B) demand curve for bulbs is horizontal
C) demand curve is downward sloping & supply is upward sloping
D) supply curve for bulbs is horizontal
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52. Looking at supply and demand curves, what would happen in a market for bike helmets if there is a substantial increase in the price of bicycles?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
53. Looking at supply and demand curves, what would happen in the garment market if the wages of seamstresses rise?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
54. Looking at supply and demand curves, what would happen in the leather goods market if the government lifts a ban on imported leather?
A) the supply curve will shift to the right
B) the supply curve will shift to the left
C) the demand curve will shift to the right
D) the demand curve will shift to the left
120. The govt proposes a tax on halogen bulbs in order to boost its revenue. Producers will bear the entire burden of the tax if the
A) demand curve for bulbs is vertical
B) demand curve for bulbs is horizontal
C) demand curve is downward sloping & supply is upward sloping
D) supply curve for bulbs is horizontal