An increase in the price of raw materials translates into higher production costs and hence a _____ shift in market _____.Multiple choice question.leftward; supplyrightward; supplyleftward; demand

Suppose a market's equilibrium quantity is observed to be higher following a supply shift. From this it can be deduced that the supply shift was to the ______.Multiple choice question.right.left.

Technological change typically produces _____ market supply curves.Multiple choice question.rightward shifts inmovement along

A movement along the supply curve is the result of a change in _______ , while a shift in the supply curve is the result of a change in ________.Multiple choice question.price; non-price determinantsnon-price determinants; pricedemand; priceprice; demand.

Multiple Choice QuestionA market experiencing a demand shift will see its equilibriumMultiple choice question.price change, but its quantity be unchanged.quantity change, but its price be unchanged.price and quantity both change.

Market EquilibriumWhich of the following is a correct example of supply and demand shifting in different (opposite) directions?Increase in costs of setting up a new college and increase in demand for higher educationIncrease in costs of setting up new college and decrease in demand for higher educationDecrease in costs of setting up new college and no change in demand for higher educationIncrease in cost of setting up new college and no change in demand for higher education