1.2 Supply and Demand Curves

Question 1

Increase in demand will do what to the supply and demand curve?

Answer 1

Shift demand curve to the right

Question 2

Decrease in demand will do what to the supply and demand curve?

Answer 2

Shift demand curve to the left

Question 3

Increase in supply will do what to the supply and demand curve?

Answer 3

Shift supply curve to the right.

Question 4

Decrease in supply will do what to the supply and demand curve?

Answer 4

Shift supply curve to the left.

Question 5

T in TIPSE

Answer 5

Technology

Question 6

I in TIPSE

Answer 6

Indirect taxes

Question 7

P in TIPSE

Answer 7

Production taxes

Question 8

S in TIPSE

Answer 8

Subsides

Question 9

E in TIPSE

Answer 9

External Shocks

Question 10

T in TRIPES

Answer 10

Tastes and preferences

Question 11

R in TRIPES

Answer 11

Related Goods

Question 12

I in TRIPES

Answer 12

Icome

Question 13

P in TRIPES

Answer 13

Population

Question 14

E in TRIPES

Answer 14

External Shocks

Question 15

S in TRIPES

Answer 15

Seasonality

Question 16

What else is part of TRIPES but isnt in it

Answer 16

Advertising and Branding

Question 17

What is TRIPES for

Answer 17

Remembering factors effecting demand

Question 18

What is TIPSE for

Answer 18

Remembering factors effecting supply

Question 19

What do you do for an increase in price?

Answer 19

More up the curves.

Question 20

What do you do for an Decrease in price?

Answer 20

More down the curves.