Question
1. A new study reveals the huge health benefits of yoga. What happens to the demand for yoga classes? Circle the correct answer below. DEMAND
1. A new study reveals the huge health benefits of yoga. What happens to the demand for yoga classes? Circle the correct answer below.
DEMAND GOES UP DEMAND STAYS THE SAME DEMAND GOES DOWN
2. Consequently, what happens to the equilibrium price and quantity of yoga classes? Circle the correct answer for each below.
Price GOES UP STAYS THE SAME GOES DOWN
Quantity GOES UP STAYS THE SAME GOES DOWN
3. Due to a massive class-action lawsuit against baseball bat manufacturers for injuries caused in high school baseball games, many companies in that market go out of business. What happens to the supply of baseball bats? Circle the correct answer below.
SUPPLY GOES UP SUPPLY STAYS THE SAME SUPPLY GOES DOWN
4. Consequently, what happens to the equilibrium price and quantity of baseball bats? Circle an answer for each below.
Price GOES UP STAYS THE SAME GOES DOWN
Quantity GOES UP STAYS THE SAME GOES DOWN
5. Consequently, what happens to the demand for baseballs? Circle the correct answer below.
DEMAND GOES UP DEMAND STAYS THE SAME DEMAND GOES DOWN
6. Consequently, what happens to the equilibrium price and quantity of baseballs? Circle the correct answer for each below.
Price GOES UP STAYS THE SAME GOES DOWN
Quantity GOES UP STAYS THE SAME GOES DOWN
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