Econ Practice ANSWERS

Hi all!  I am including the link with answers to the worksheet I posted on Friday.  I included brief explanations to go along with each answer I hope it helps.

A few last minute tips: Quantity Demanded: 1 line, talks about an increase/decrease in price of the same product they are talking about.  For example: Cost of shoes goes down. And then you were asked what happened to the supply of shoes?

Change in Supply= 2 lines. Example: Cost of rubber soles has gone down.  And then you are asked what happens to the supply of SHOES.

 

Supply WorksheetSupply Worksheet

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