1. Economics
Test Review
Unit 2

2. Shift in Supply and Demand Curve Review Complete all six graphs

3. Effects of the Bird Flu killing Millions of Chickens Assume that people use more sauce on Chicken meat than they do on Turkey meat
1. According to the info above, the following changes would occur for chicken:
Demand increases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Demand decreases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Supply increases. Demand is unchanged. Equilibrium price decreases. Equilibrium quantity increases
Supply decreases. Demand is unchanged. Equilibrium price increases. Equilibrium quantity decreases
Answer is D

4. Effects of the Bird Flu killing Millions of Chickens Assume that people use more sauce on Chicken meat than they do on Turkey meat
2. According to the info above, the following changes would occur for turkey:
Demand increases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Demand decreases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Supply increases. Demand is unchanged. Equilibrium price decreases. Equilibrium quantity increases
Supply decreases. Demand is unchanged. Equilibrium price increases. Equilibrium quantity decreases
Answer is A

5. Effects of the Bird Flu killing Millions of Chickens Assume that people use more sauce on Chicken meat than they do on Turkey meat
3. According to the info above, the following changes would occur for sauces:
Demand increases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Demand decreases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Supply increases. Demand is unchanged. Equilibrium price decreases. Equilibrium quantity increases
Supply decreases. Demand is unchanged. Equilibrium price increases. Equilibrium quantity decreases
Answer is B

6. Effects of the Bird Flu killing Millions of Chickens Assume that people use more sauce on Chicken meat than they do on Turkey meat
4. According to the info above, the following changes would occur for Chic-fil-A restaurants:
Demand increases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Demand decreases. Supply is unchanged. Equilibrium price increases. Equilibrium quantity increases
Supply increases. Demand is unchanged. Equilibrium price decreases. Equilibrium quantity increases
Supply decreases. Demand is unchanged. Equilibrium price increases. Equilibrium quantity decreases
Answer is B

7. Shifts in Demand Curve
Quantity of Coffee Demanded
Which of the following choices could cause the movement shown in this graph?
An increase in the price of coffee
A decrease in the price of coffee
An increase in the price of automatic coffee makers
A decrease in the price of automatic coffee makers D