Question 18 (1 point)

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Consider the market for minivans. If the price of steel decreases, then the quantity of minivans bought/sold will _____.

Question 18 options:

	increase
	decrease
	be indeterminate

Question 19 (1 point)

Consider the market for minivans. If the price of sport utility vehicles decreases, then which of the following statements regarding the market for minivans is correct?

Question 19 options:

	Supply will increase
	Supply will decrease
	Demand will increase
	Demand will decrease

Question 20 (1 point)

Consider the market for minivans. If the price of sport utility vehicles decreases, then the price of minivans will _____.

Question 20 options:

	increase
	decrease
	be indeterminate

Question 21 (1 point)

Consider the market for minivans. If the price of sport utility vehicles decreases, then the quantity of minivans bought/sold will _____.

Question 21 options:

	increase
	decrease
	be indeterminate

Question 22 (1 point)

Consider the market for streaming services (such as Netflix or Hulu). If people the price of internet service falls, then which of the following statements regarding the market for streaming services is correct?

Question 22 options:

	Supply will increase
	Supply will decrease
	Demand will increase
	Demand will decrease

Question 23 (1 point)

Consider the market for streaming services. If people the price of internet service falls, then the price of streaming services will _____.

Question 23 options:

	increase
	decrease
	be indeterminate

Question 24 (1 point)

Consider the market for streaming services. If people the price of internet service falls, then the quantity of streaming services bought/sold will _____.

Question 24 options:

	increase
	decrease
	be indeterminate

Question 25 (1 point)

Suppose that over the past year, the price of cereal has fallen and the quantity of cereal bought/sold has fallen. Which of the following must have occurred?

Question 25 options:

	The demand for cereal decreased
	The demand for cereal increased
	The supply of cereal decreased
	The supply of cereal increased