es start decrease 24. A normal good a. will be in higher demand if the person's income decreases b. will be purchased, regardless of changes in income c. will be in higher demand if a person's income increases d. has not been damaged 25. New Deal (think Great Depression) jobs programs offered employment during the Great Depression. In economic terms, such programs were designed to respond to a. a lack of incentives b. a surplus of workers c. an excess of services ed moms d. a shortage of skilled workers gad woy jol lname 26. A leftward shift in the supply curve of corn could result from a. an increase in the price of farm machinery b. a decrease in the price of corn bas onamob sri C. an increase in the demand for corn bread d. an increase in consumers income oona fughil 27. If the number of buyers in market increases, which of the following will happen? a. The supply in the market will increase b. The demand in the market will decrease sigmexs 101) c. Demand in the market will increase ont ni esvom boog end 10 bretnob aril d. The supply in the market will decrease go off ril esvom boog sno tol brismep off boog and to1 bne 28. What is one possible result of setting a price ceiling on rents? in boog ario to vig a. Houses are broken up into apartments to meet the demand. b. More people want to rent apartments than are available to rent c. Construction jobs increase with the building of new apartment buildings. d. People can find apartments but cannot afford to rent them. 29. Which of these situations best illustrates market equilibrium? a. the amount of soap made matches the amount of soap that people want to buy. b. the price of soap does not vary much from week to week. (c. soap production ensures a good profit for the manufacturer. anini eneggen d. everyone who wants or needs soap can easily afford to buy it.ong 30. In the market for pizza at St. Mary's College, the spring semester has ended, while just last week three new pizza businesses have opened on campus. What happens in the market for pizza on campus? a. Supply increases, demand increases, and equilibrium prices is unchanged b. Supply decreases, demand decreases, and price remains unchanged c. Supply increases, demand decreases, and equilibrium price decreases d. Supply decreases, demand increases, and equilibrium price increases 31. Quantity supplied changes because of a. a change in price b. a change in resource (input) prices c. advances in technology d. number of suppliers