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Babo has been an avid supporter of artisanal scented candles and has closely examined the production of these candles over the past few years. Early

Babo has been an avid supporter of artisanal scented candles and has closely examined the production of these candles over the past few years. Early in January, there has been many videos of celebrities using and promoting artisanal scented candles. By mid year, it was reported that new online stores for artisanal scented candles emerged rapidly over the past few months. Babo noticed that despite these changes in the market, the market price for artisanal scented candles remained constant.

Select the item from the list provided to make the following statements true.

- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

A shift in demand in early January would result from a/an __________.

- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

Emergence of new online stores in the market would have caused a/an ___________ for artisanal scented candles.

- 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.

The fact that the price of artisanal scented candles remained constant could be explained by the shift of the demand curve _______________ the shift of supply curve.

1.

equals to

2.

change in technology

3.

upward movement along the supply curve

4.

rightward shift of the demand curve

5.

leftward shift of the supply curve

6.

change in population

7.

is greater than

8.

change in consumer tastes (preferences)

9.

change in price of substitute

10.

rightward shift of the supply curve

11.

is less than

12.

is exactly twice

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