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Suppose there are five suppliers of ice cream in the town of Summerville. If the price of ice cream is $2.50 per scoop, Firm A is not willing to sell any scoops, Firm B is willing to sell 25 scoops, Firm C is willing to sell 5 scoops, Firm D is willing to sell 10 scoops, and Firm E is not willing to sell any scoops. When the price of ice cream is $3 per scoop, Firm A is willing to sell 20 scoops, Firm B is willing to sell 50 scoops, Firm C is willing to sell 35 scoops, Firm D is willing to sell 100 scoops, and Firm E is willing to sell 40 scoops. From this information we can conclude that

Which of the following scenarios would cause a shortage in a market?
a. The actual price is $3.50, the equilibrium price is $2.99, the quantity demanded is 10,500 and the quantity supplied is 9,800.
b. The actual price is $10, the equilibrium price is $12, the quantity demanded is 1,250 and the quantity supplied is 800.
c. The actual price is $65, the equilibrium price is $80, the quantity supplied is 200 and the quantity demanded is 180.
d. The actual price is $42, the equilibrium price is $40, the quantity supplied is 5,280 and the quantity demanded is 5200.

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Which of the following would cause a demand curve to shift to the right?

Increases in demand are shown by a shift to the right in the demand curve. This could be caused by a number of factors, including a rise in income, a rise in the price of a substitute or a fall in the price of a complement.

When a demand curve shifts to the right quizlet?

If a demand curve shifts to the right, the equilibrium price and quatity demanded will increase. Suppliers' desire to eliminate a surplus puts upward pressure on the price. You just studied 20 terms!

What causes the demand curve to shift to the right to the left?

To sum up, if the income level of a population increases, the demand curve will shift to the right, since there is more quantity of demand at every price point. The opposite will happen if the income level drops. Now there will be less money to spend, and the demand curve will shift to the left.