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Shifts in supply & demand

Economics & Finance · Microeconomics — markets

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About this practice set

Shifts in supply & demand is a Economics & Finance quiz (Microeconomics — markets) with 5 multiple-choice questions. Pick an answer and read the explanation that follows.

What you will be asked

  • An improvement in technology shifts the supply curve:
  • A rise in consumer income that increases demand for a normal good shifts demand:
  • A higher cost of raw materials shifts the supply curve:
  • A successful ad campaign that raises popularity of a good shifts:
  • If both supply and demand increase, the equilibrium quantity will: