Question

10. A change in tastes will result: Group of answer choices in stabilizing supply. in a change in supply. in a shift in demand. nothing happens so don't sweat it.

11. An increase in the number of sellers in a market will: Group of answer choices decrease demand increase demand decrease supply increase supply.

Answer 1

10. Option C.

• A change in tastes and preferences will result in a change in demand.
• That is, when people prefer beef over chicken, then the quantity demanded of beaf Increases while the quantity demanded of chicken decreases.
• This will shift the demand curve for beef to the right and shift the demand curve for chicken to the left.

11. Option D.

• When the number of seller's within the market Increases, the quantity supplied Increases within the market.
• This will cause the supply to increase in the overall market and hence the supply curve shifts to the right.