What would happen to the demand curve when there is an increase in the price of substitute products ?Outward shift Remains constant Initially inward and then after a period outward shift Inward shift

What would cause the demand curve to shift?Change in consumer preferences.Change in the number of suppliers.Change in the input costs of production.All of the above.

How would a decrease in the price of a substitute good affect the market supply of a product? It would shift the supply curve to the right It would shift the supply curve to the left It would not affect the supply curve It would cause a movement along the supply curve

If a consumer’s income increases:   There will be a movement along the demand curve. You Answered  None of these   There will be no change in quantity Correct Answer  There will be a change in demand.

Market EquilibriumSuppose both the supply and demand curves shift to the right. What would be the ultimate impact on the price of the product?The price will increase.The price will decrease.The price will remain the same.The price will depend on the magnitude of change in the demand and supply.

Would an increase in demand for a product cause the supply curve to shift in any direction?  A. No Effect On Supply  B. Change In The Slope Of A Supply Curve  C. The Supply Curve Will Move To The Right  D. The Supply Curve Will Move To The Left