Question

In: Economics

Match the term to its definition. 1. Decrease in Supply 2. Increase in Quantity Supplied 3....

Match the term to its definition.

1. Decrease in Supply

2. Increase in Quantity Supplied

3. Increase in Demand

4. Decrease in Demand

5. Decrease in Quantity Supplied

6. Increase in Supply

7. Decrease in Quantity Demanded

8. Increase in Quantity Demanded

Select

A. Buyers want less because price increases.

B. Sellers offer more because price increases.

C. Sellers offer less because price decreases

D. Buyers want more because price falls.

E. Buyers want less at every price.

F. Sellers offer less at every price.

G. Sellers offer more at every price.

H. Buyers want more at every price.

Expert Solution

A. Buyers want less because price increases.	7. Decrease in Quantity Demanded
B. Sellers offer more because price increases.	2. Increase in Quantity Supplied
C. Sellers offer less because price decreases	5. Decrease in Quantity Supplied
D. Buyers want more because price falls.	8. Increase in Quantity Demanded
E. Buyers want less at every price.	4. Decrease in Demand
F. Sellers offer less at every price.	1. Decrease in Supply
G. Sellers offer more at every price.	6. Increase in Supply
H. Buyers want more at every price.	3. Increase in Demand

Reason: The difference between 'demand' / 'supply' and 'quantity demanded'/ 'quantity supplied' is that demand/ supply is a function of quantity and price. It indicates how much will be demanded/ supplied at any (or every) price. It is a linear or non-linear curve. Whereas quantity demanded/ quantity supplied is increase or decrease in the quantity that a consumer is willing to buy/ a producer is willing to supply given a particular price. It is a single number.

Rahul Sunny answered 7 months ago

3. An increase or decrease in the quantity supplied or demanded represents supply/demand curve; An increase...

3. An increase or decrease in the quantity supplied or demanded represents supply/demand curve; An increase or decrease in supply or demand represents represents supply/demand curve a movement along a; a shift of the entire b a change in the slope of a; a new c a shift of the entire; movement along d a new; a change in the slope of a 24. At what point would an economy move from inflation to hyperinflation? a When there is a...

An increase or decrease in the quantity supplied or demanded represents supply/demand curve; An increase or...

An increase or decrease in the quantity supplied or demanded represents supply/demand curve; An increase or decrease in supply or demand represents represents supply/demand curve

Complete the following table by selecting the term that matches each definition. Quantity Supplied Supply Curve...

Complete the following table by selecting the term that matches each definition. The claim that, other things being equal, the quantity supplied of a good increases when the price of that good rises A table showing the relationship between the price of a good and the amount of it that sellers are willing and able to supply at various prices A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply...

Match each term with its definition.

Match each term with its definition.a sequence of DNA located upstream of a gene that signals the start of transcriptiona regulatory protein that blocks transcription by binding to the operator sitean element that disrupts the signal between enhancers and promotersa gene that controls the expression of one or more genes by promoting or inhibiting transcriptiona molecule that activates mRNA synthesis by disabling the protein that prevents transcription a short sequence of DNA located near the promoter region that is recognized...

Match each titration term with its definition

Match each titration term with its definitionGlassware that allows a solution to be precisely and slowly added to another solution Choose...When the required amount of one solution has been added to the second solution to complete the reaction Choose...Process of slowly adding a solution to react with another solution and determine the concentration of one of the solutions based on the reaction between them Choose...A reagent added to the analyte solution that changes color when the reaction is complete ChooseSolution...

Match each term with its most appropriate definition 1) brain 2) meninges 3) nerves 4) spinal...

Match each term with its most appropriate definition 1) brain 2) meninges 3) nerves 4) spinal cord 5) coma 6) concussion 7) hemiparesis 8) cerebrovascular accident 9) epilepsy 10) syncope 11) transient ischemic attack 12) electroencephalogram 13) lumbar puncture 14) cerebrum 15) cerebellum 16) pons 17) medulla oblongata 18) dura mater 19) aphasia 20) Bell's palsy Definitions: Loss of ability (as in a stroke) to speak Deep sleep with no response to stimulus Record of the electrical activity of the...

Match each key term with its definition. 1. Adverse reaction 2. Allergen 3. Allergy 4. Ampule...

Match each key term with its definition. 1. Adverse reaction 2. Allergen 3. Allergy 4. Ampule 5. Anaphylactic reaction 6. Chemotherapy 7. Controlled drug 8. Dose 9. Drug 10. Gauge 11. Induration 12. Infusion 13. Inhalation administration 14. Intradermal injection 15. Intramuscular injection 16. Intravenous therapy 17. Oral administration 18. Parenteral 19. Pharmacology 20. Prescription 21. Subcutaneous injection 22. Sublingual administration 23. Topical administration 24. Transfusion 25. Vial 26. Wheal A. Application of a drug to a particular spot, usually...

Please match off the term with its definition or description. - A....

Please match off the term with its definition or description. - A. B. C. D. Face value of a bond, Principal Value - A. B. C. D. The expected return of a bond investor - A. B. C. D. The contractual rate of interest due to be...

Price ($) Quantity Demanded Quantity Supplied 0 25 0 1 21 1 2 17 3 3...

Price ($) Quantity Demanded Quantity Supplied 0 25 0 1 21 1 2 17 3 3 13 6 4 9 9 5 5 12 6 1 15 7 0 18 Question: Suppose the government sets a price in this market at $2. a. Is this a price floor or a price ceiling? b. Does this create a shortage or surplus? c. What is the difference in quantity demanded at this $2 price relative to the market price? d. What is...

Please match each term with the appropriate definition. 1) ___ Synapse 2) _ Dendrite 3) _ Neurotransmitter 4) ___ Axon...

Please match each term with the appropriate definition. 1) _____ Synapse 2) _____ Dendrite 3) _____ Neurotransmitter 4) _____ Axon 5) _____ Myelin 6) _____ Action potential A. The portion of the neuron that receives information from the environment B. The portion of the neuron that conducts action potentials C. The tiny space between the neuron sending the signal and the cell receiving the signal D. Special chemicals used to send a signal across the synapse E. A wave of depolarization and repolarization that travels down...