Answer to Question #179640 in Economics for dsgf

Question

1) new grilling technology/ cuts production time in 1/2

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

2)Price of chicken sandwich increases(Substitute items)

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

3)Price of all hamburgers on menu decreases

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

4)Price of ground beef triples

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

5)Human finger found in burgers

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

6)Lettuce shortage in US

a) Does supply or demand shift?

b)Does this affect the buyer or seller?

c)How will it shift?

d) what is the shifter

Answer 1

1) New grilling technology/ cuts production time in 1/2

a) Supply shifts.

b) Seller.

c) Shifts rightwards.

d) Change in technology.

2) Price of chicken sandwich increases (Substitute items)

a) Demand.

b) Buyer.

c) Rightwards.

d) Price of substitute good.

3) Price of all hamburgers on menu decreases

a) Neither.

b) Both.

c) No shift.

d) Change in price level.

4) Price of ground beef triples

a) Supply.

b) Seller.

c) Leftwards.

d) Production costs.

5) Human finger found in burgers

a) Demand.

b) Buyer.

c) Leftwards.

d) Bad response.

6) Lettuce shortage in US

a) Supply.

b) Seller.

c) Leftwards.

d) Production costs.