11:05 "I '2? E} If the price of ground beef decreases, which of the following will occur? Select one: A. The demand curve for ground beef will shift to the left. B. Consumers will experience a decrease in their purchasing power. C. The substitution effect will cause some consumers to switch to other types of meat. D. There will be a movement down the demand curve for ground beef. If Goods X and Y are complements, if the price of Good X decreases, this will cause a movement the demand curve for Good X and a shift in the demand for Good Y. Select one: A. down; rightward B. up; leftward C. up; rightward D. down; leftward Which of the following will cause a movement along the demand curve for apple juice? Select one: A. a decrease in consumer incomes B. an expected change in the future price of apple juice 0. a change in the price of orange juice, a substitute for apple juice D. an increase in the price of apple juice Which of the following will cause a movement up the demand curve for digital printing services? Select one: A. an increase in the price of digital printing services B. a decrease in the price of digital printing services C. an increase in consumer incomes D- a decrease in consumer incomes 11:05 III "v? A technological advancement in the production of hybrid cars will cause a the supply curve for hybrid cars and a(n) in the equilibrium price of hybrid cars. Select one: A. movement along; decrease B. shift of; decrease C. movement along; increase D. shift of; increase A price ceiling is set the equilibrium quantity and results in a Select one: A. above; shortage B. above; surplus below; surplus below; shortage Your firm produces readyimade guacamole and avocados are the primary ingredient. During a news report; weather forecasters just announced that there will be a freeze in the region in which your rm buys avocados. This freeze will likely damage many of the avocados that are almost ready for harvest. Refer to the gure above. As a result of the freeze, the price for avocados will be than the current equilibrium price and the equilibrium quantity of avocados will be than the current equilibrium quantity. Select one: A. greater; less B. greater; greater C. 11:05 "I '2? E} 2 1 a '. Your rm produces readymade guacamole and avocados are the primary ingredient. During a news report, weather forecasters just announced that there will be a freeze in the region in which your rm buys avocados. This freeze will likely damage many of the avocados that are almost ready for harvest. Refer to the figure above. As a result of the freeze, the price for avocados will be than the current equilibrium price and the equilibrium quantity of avocados will be than the current equilibrium quantity. Select one: A. greater; less B. greater; greater C. less; greater D. less; less