Consider the market for apples. For each of the following separate scenarios, determine if the demand curve or supply curve shifts, and in which direction does the curve shift. Farmers receive subsidies for growing apples. [ Choose ] [ Choose] Supply of apples shifts to the left. Price of apples increases. Demand for apples shífts to the left. Supply of apples shifts to the right. A new apple commercial airs on TV. Demand for apples shifts to the right. Neither demand for apples nor supply of apples shifts. A study is released showing apples improve eyesight. [ Choose ] Price of oranges decreases. Oranges and apples are substitutes. [ Choose ] Because of drought, the amount of apples harvested decreases significantly. [ Choose ] > > <>

Consider the market for apples. For each of the following separate scenarios, determine if the demand curve or supply curve shifts, and in which direction does the curve shift. Farmers receive subsidies for growing apples. [ Choose ] [ Choose] Supply of apples shifts to the left. Price of apples increases. Demand for apples shífts to the left. Supply of apples shifts to the right. A new apple commercial airs on TV. Demand for apples shifts to the right. Neither demand for apples nor supply of apples shifts. A study is released showing apples improve eyesight. [ Choose ] Price of oranges decreases. Oranges and apples are substitutes. [ Choose ] Because of drought, the amount of apples harvested decreases significantly. [ Choose ] > > <>

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter5: Markets In Motion And Price Controls

Section: Chapter Questions

Problem 10P

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