Use the figure below to answer the following questions. C A B h SRS R \\ o 2 N3 0o Quantity Instructions: Write A, B, C, or D d. Refer to the three demand curves. If these are demands for stakes and the consumer's income has significantly decreased due to the current economic recession, this would be illustrated by a change from: D A. point 4 to point 6. B. point 5 to point 1. C. point 4 to point 1. D. point 6 to point 4. e. Refer to the three demand curves. If this is the market for gasoline and there is an expectation by consumers that gasoline prices will be higher in the future, this would be illustrated by a change from: c A. point 4 to point 6. B. point 5 to point 2. C. point 3 to point 6. D. point 6 to point 4. f. Refer to the three demand curves. A health report showing eating pizza reduces stress would be illustrated by a change from: c A. point 4 to point 6. B. point 5 to point 2. C. point 3 to point 6. D. point 6 to point 4. Use the figure below to answer the following questions. c A B s W 46 L2 @ 2 3 0 Quantity Instructions: Write A, B, C, or D d. Refer to the three demand curves. If these are demands for stakes and the consumer's income has significantly decreased due to the current economic recession, this would be illustrated by a change from: D A. point 4 to point 6. B. point 5 to point 1. C. point 4 to point 1. D. point 6 to point 4. e. Refer to the three demand curves. If this is the market for gasoline and there is an expectation by consumers that gasoline prices will be higher in the future, this would be illustrated by a change from: c A. point 4 to point 6. B. point 5 to point 2. C. point 3 to point 6. D. point 6 to point 4. f. Refer to the three demand curves. A health report showing eating pizza reduces stress would be illustrated by a change from: c A. paoint 4 to point 6. B. point 5 to point 2. C. point 3 to point 6. D. point 6 to point 4. Use the figure below to answer the following question. $5 s, S ;-.4' - z s, 2 b 23 . , e @ L - a9 . 0 10 12 14 16 18 20 4 6 8 Quantity Supplied (thousands of bushels per week) Instructions: Write A, B, C, orD a. The diagram shows three supply curves for apples. Which of the following would cause the supply of apples to shift from S; to S57 B A. a new genetically modified apple seed that is resistant to drought B. a new bacteria that destroys apple crops C. a decrease in the price of apples D. an increase in the number of acres of farmland allocated to apple trees b. The diagram shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from Sq to S3? D A. a decrease in the cost of maintaining the equipment used in wheat farming B. anincrease in the cost of maintaining the equipment used in wheat farming C. a decrease in the price of wheat D. anincrease in the number of acres of farmland allocated to wheat c. The diagram shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from Sy to S,? B A. Producers expect higher production of wheat and lower prices of wheat in the near future. B. Producers expect lower production of wheat and lower prices of wheat in the near future. C. Producers expect higher production of wheat and higher prices of wheat in the near future. D. Producers expect lower production of wheat and higher prices of wheat in the near future. d. The diagram shows three supply curves for wheat. Which of the following would cause the supply of wheat to shift from point a to b? A A. a decrease in the cost of maintaining the equipment used in wheat farming B. an increase in taxes paid by farmers C. a decrease in the price of wheat D. an increase in the price of wheat Use the figure below to answer the following questions. Pric 0 Quantity Instructions: Write A, B, C, or D a. Refer to the three demand curves. An "increase in quantity demanded" caused by a change in price would be illustrated by a change from: |A A. point 4 to point 6. B. point 5 to point 1. C. point 4 to point 1. D. point 2 to point 5. b. Refer to the three demand curves. A "decrease in demand" would be illustrated as a change from D A. point 1 to point 4. B. point 6 to point 3. C. line C to B. D. line A to C. c. In the past few years, the quantity of donuts demanded has increased due to changes in the prices of donuts. This would be illustrated by a change from A A. point 4 to point 6. B. point 5 to point 2. C. point 1 to point 2. D. point 3 to point 6