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Introduction to Microeconomics (CS)

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What

is the most likely result if both supply and demand increase simultaneously?

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If

producers expect the price of their product to rise in the future, they are

likely to:

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If

supply increases and demand stays the same, what happens to equilibrium price?

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A

market is in equilibrium when:

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If

the cost of raw materials increases, what will likely happen to supply?

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Which

statement best describes equilibrium price?

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Which

of the following is NOT a determinant of supply?

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Which

of the following will cause the supply curve for smartphones to shift

rightward?

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If

the market price is below the equilibrium price, there will be a:

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Which

of the following will most likely cause a movement along the supply curve of

cotton?

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