ECON 545(DEVRY) help A Clearer path to student success/uophelp.com ECON 545(DEVRY) help A Clearer path to student suc | Page 11

Indicate which of the following would cause a movement from point A to C. (Check al that apply) The difference between a change in supply and a change in the quantity supplied is that the latter is 5. Suppose the curves in the figure to the right represent two supply curves for traditional wings (basket of six) at Buffalo wild Wings The movement from point A to B os S1 is caused by Indicates which of the following would cause a movement from point A to C 6. Suppose that the table on the right shows the quantity supplied of UCG boots at five different prices in 2014 and in 2015 Refer to the table to the right note the change in the quantity supplied of UCG boots from 2014 to 2015 Which of the following variables could explain the change in the quantity supplied observed in 2015? If the market price ‘Pmkt’ is equal to the price ‘Po’, then quantity supplied is ……. Quantity demanded and the market is in ……. 7. Consider the market for gasoline, illustrated in the figure to the right. The equilibrium quantity of gasoline is … million gallons and the equilibrium price $......per gallon If instead the market price were $1.75, then there would be a …….. of … million gallons