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3 0 ) An increase the expected future price of a good A ) increases its demand. B ) decreases its demand. C ) increases

30) An increase the expected future price of a good
A) increases its demand.
B) decreases its demand.
C) increases its supply.
D) has no effect on either its demand or its supply.
31. If consumers but not producers expect that the price of soda will rise in November, the
A) supply of soda in October will increase.
B) demand for soda in October will decrease.
C) demand for soda in October will increase.
D) supply of soda in October will decrease.
32. Which of the following shifts the demand curve for movie downloads rightward?
A) a decrease in the price of downloading a movie
B) a 10 percent increase in people's income if movie downloads are a normal good
C) a decrease in the price of cable television service
D) an increase in the quantity and quality of programming included in the basic cable television service package
33) If macaroni and cheese is an inferior good, an increase in income will
A) not affect the demand for macaroni and cheese.
B) decrease the demand for macaroni and cheese.
C) increase the demand for macaroni and cheese.
D) create no income effect.
34.Which of the following shifts the supply curve rightward?
A) an increase in the population
B) a positive change in preferences for the good
C) a decrease in the price of the good
D) a decrease in the price of a factor of production used to produce the good
35.) Auto workers negotiate a wage increase. How does this wage hike affect the supply of cars?
A) It decreases the supply.
B) It increase the supply.
C) It has no effect.
D) There is not enough information to tell if the change increases, decreases, or has no effect on the supply of cars.
36. Good A and good B are substitutes in production. The demand for good A increases so that the price of good A rises. The increase in the price of good A shifts the
A) demand curve for good B leftward.
B) demand curve for good B rightward.
C) supply curve of good B leftward.
D) supply curve of good B rightward.
37. A bakery can produce either cakes or cookies. If the price of cookies rises, then
A) the supply curve of cake shifts leftward.
B) the supply curve of cake shifts rightward.
C) there is a movement downward along the supply curve of cakes.
D) there is a movement upward along the supply curve of cakes.

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