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Demand, Supply, Equilibrium - Weebly

Name:_____ H:\AP Econ\2. Supply and Demand3,4,20,21\Supply and demand \ Supply, demand , Equilibrium test demand , Supply, Equilibrium Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. Which of the following would NOT be a determinant of demand ? a. the price of related goods b. income c. tastes d. the prices of the inputs used to produce the good ____ 2. If the price of a substitute to good X increases, then a. the demand for good X will increase. b. the market price of good X will decrease. c. the demand for good X will decrease.

C. Suppose this demand and supply graph represents the market for cream. Draw a new graph below to show the effects on the cream market if there was damage to the Brazilian coffee crop. D. Draw a new graph to show and analyze the impact of your events in the markets for "coffee houses," such as

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