In the past Christmas season, the market for roasted pig was impacted by a large number of buyers, while the Department of Agriculture closed several of the 110 factories for not having the plants in optimal condition. This situation shifts: Question 18 Select one: a. the demand curve to the left b. the supply curve to the right c. both curves to the right d. the demand curve to the right and the supply curve to the left
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#10. If government regulation forces firms in an industry to internalize the externality, then the a. supply curve shifts to the left. b. supply curve shifts to the right. c. demand curve shifts to the left. d. demand curve shifts to the right. e. supply curve and the demand curve shift to the left.
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In March 2015, hogs in the United States were selling for 81 cents per pound, up from 58 cents per pound a year before. This was due primarily to the fact that supply had decreased during the period. Which of the following best describes this situation? A. The supply curve shifts to the left until it intersects the demand curve at 81 cents per pound. B. The supply curve shifts downward causing the price to go below 58 cents per pound resulting in the demand curve shifting up until the price equals 81 cents per pound. C. The supply and demand curves shift left until the new price is 81 cents per pound. D. The higher price causes a movement along the supply curve resulting in a shortage in the hog market.
Assume that there is an increase in the price of a substitute in production. This would cause the _______ curve to shift to the _______. a. supply, left b. demand, right c. demand, left d. supply, right
Pavitr A.
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