question 5 (1 point) if the cost of production of hula hoops increases the supply curve will a move up along…

question 5 (1 point) if the cost of production of hula hoops increases the supply curve will a move up along the curve b move down along the curve c shift to the right d shift to the left question 6 (1 point) what is the relationship between quantity demanded and supplied at equilibrium? a quantity demanded is greater than quantity supplied b quantity demanded equals quantity supplied c quantity demanded increases beyond quantity supplied d quantity demanded is less than quantity supplied

question 5 (1 point) if the cost of production of hula hoops increases the supply curve will a move up along the curve b move down along the curve c shift to the right d shift to the left question 6 (1 point) what is the relationship between quantity demanded and supplied at equilibrium? a quantity demanded is greater than quantity supplied b quantity demanded equals quantity supplied c quantity demanded increases beyond quantity supplied d quantity demanded is less than quantity supplied

Answer

Brief Explanations:

Question 5: Increased production cost is a non-price supply determinant, shifting supply left. Question 6: Equilibrium occurs when quantity demanded equals quantity supplied.

Answer:

Question 5: d. shift to the left Question 6: b. quantity demanded equals quantity supplied