多选题In the following graph, if the supply curves that are drawn represent supply curves for single-family residential houses, then the movement from S to S' could be caused by a(n) ______. A、increase in the price of apartments which are a substitute for single-family houses for many people looking for a place to live B、newly-formed expectation by house-builders that prices of houses will increase significantly in the next six months C、decrease in the price of lumber D、All of the above are correct.简答题The line that relates the price of a good and the quantity demanded of that good is called the demand ______. A、schedule, and it usually slopes upward B、schedule, and it usually slopes downward C、curve, and it usually slopes upward D、curve, and it usually slopes downward简答题Which of the following would most likely serve as an example of a monopoly? A、A restaurant in a large city. B、A dry cleaners in a large city. C、A local gas station. D、A local electrical company.简答题Which of the following would cause price to decrease? A、A decrease in supply. B、An increase in demand. C、A surplus of the good. D、A shortage of the good.简答题A movement downward and to the right along a demand curve is called a(n) ______. A、increase in demand B、decrease in demand C、decrease in quantity demanded D、increase in quantity demanded简答题The signals that guide the allocation of resources in a market economy are A、surpluses and shortages. B、quantities. C、government policies. D、prices.简答题In a given market, how are the equilibrium price and the market-clearing price related? A、There is no relationship. B、They are the same price. C、The market-clearing price exceeds the equilibrium price. D、The equilibrium price exceeds the market-clearing price.简答题When a shortage exists in a market, sellers A、raise price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. B、raise price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated. C、lower price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. D、lower price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated.简答题If orange juice and apple juice are substitutes, an increase in the price of orange juice will shift the demand curve for apple juice to the right.简答题The supply curve for milk ______. A、shifts when the price of milk changes because the price of milk is measured on the vertical axis of the graph B、shifts when the price of milk changes because the quantity supplied of milk is measured on the horizontal axis of the graph C、does not shift when the price of milk changes because the price of milk is measured on the vertical axis of the graph D、does not shift when the price of milk changes because the price of milk is measured on the horizontal axis of the graph简答题The highest form of competition is called ______. A、absolute competition B、cutthroat competition C、perfect competition D、market competition简答题For a market for a good or service to exist, there must be a ______. A、group of buyers and sellers B、specific time and place at which the good or service is traded C、high degree of organization present D、All of the above are correct.多选题Which of the following would cause the supply curve to shift from Supply A to Supply C in the market for winter coats? A、An increase in the price of winter coats. B、A decrease in the number of firms selling winter coats. C、A decrease in the price of zippers and snaps. D、A decrease in the price of winter hats and gloves.简答题What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, the price of steel rises, public transportation becomes cheaper and more comfortable, and auto-workers negotiate higher wages? A、Price will fall, and the effect on quantity is ambiguous. B、Price will rise, and the effect on quantity is ambiguous. C、Quantity will fall, and the effect on price is ambiguous. D、Quantity will rise, and the effect on price is ambiguous.简答题A decrease in income will shift the demand curve for an inferior good to the right.简答题A monopoly is a market with one ______. A、seller, and that seller is a price taker. B、seller, and that seller sets the price. C、buyer, and that buyer is a price taker. D、buyer, and that buyer sets the price.简答题A competitive market is a market in which ______. A、an auctioneer helps set prices and arrange sales B、there are only a few sellers C、the forces of supply and demand do not apply D、no individual buyer or seller has any significant impact on the market price简答题If a surplus exists in a market, then we know that the actual price is A、above the equilibrium price, and quantity supplied is greater than quantity demanded. B、above the equilibrium price, and quantity demanded is greater than quantity supplied. C、below the equilibrium price, and quantity demanded is greater than quantity supplied. D、below the equilibrium price, and quantity supplied is greater than quantity demanded.简答题Which of the following does not affect an individual's demand curve? A、Expectations. B、Income. C、Prices of related goods. D、The number of buyers.简答题For a competitive market, ______. A、a seller can always increase her profit by raising the price of her product B、if a seller charges more than the going price, buyers will go elsewhere to make their purchases C、a seller often charges less than the going price to increase sales and profit D、a single buyer can influence the price of the product but only when purchasing from several sellers in a short period of time