• 2022-06-04
    At the beginning of the section “A Balancing Act,” the author says, “Many factors affect prices, but supply and demand top the list.” Give some examples to show how supply and demand affect prices.
  • In our everyday life, for example, vegetable prices go up in winter when the supply goes down, but they go down in summer because the supply goes up then. Another example is meat. When supply goes up, the price goes down. Otherwise, if the supply goes down, the price goes up.

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      Economists are interested in all the factors that can help to__________ the extent to which a price change will affect supply and demand in the market. A: resort B: lift C: predict D: settle

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      5【单选题】Economists are interested in all the factors that can help to_______ the extent to which a price change will affect supply and demand in the market. A: predict B: label C: sense D: deceive

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      Rising oil prices in the U.S. during the 1970s caused the economy’s ( ) A: aggregate supply curve to shift to the right. B: aggregate supply curve to shift to the left. C: aggregate demand curve to become vertical. D: aggregate demand curve to become horizontal.

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      Which of the following always raises the equilibrium price? A: an increase in both demand and supply B: a decrease in both demand and supply C: an increase in demand combined with a decrease in supply D: a decrease in demand combined with an increase in supply

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      In ___________, there is more supply than demand, buyers are at an advantage and prices are low. A: buyer's market B: seller's market C: bull market D: bear market