Solve this. Should be easy:

1 Four changes affecting the supply of a good are listed below. Which would cause the supply curve to

shift to the left?

A a decrease in its market price

B an improvement in technology

C an increase in labor productivity

D the introduction of a sales tax

2 What is not held constant in constructing a demand schedule?

A the incomes of consumers

B the prices of complementary goods

C the price of the good itself

D the tastes of consumers

3 Which statement could explain a decrease in the demand for natural rubber?

A Demand for car tyres has increased.

B New techniques of producing substitutes for rubber have been introduced.

C Productivity of rubber plantations has increased.

D The area of land on which rubber is grown has increased.

4 A supply curve for a commodity is drawn to show how quantity supplied varies with

A government taxes.

B income.

C tastes.

D the price of the commodity

5 In 2010, floods caused severe damage to wheat production. How would this be shown on a market

demand and supply diagram for wheat?

Supply Curve Demand Curve

A no change shift to the right

B shift to the left no change

C shift to the left shift to the left

D shift to the right shift to the left