Topic 25.10.2025

Topic 25.10.2025

от Светлана Евгеньевна Ситникова -
Количество ответов: 48

Class 8 

Answer the questions for Topic 3. Market transactions

1. Why does a market demand curve normally slope down?

2. Name some factors that could shift the demand curve out to the right.

3. Why does a firm’s supply curve normally slope up?

4. Name some factors that could shift the supply curve in to the left.


Re: Topic 25.10.2025

от Dhouha Brahim -
Dhouha Brahim
Answers :
1. Law of demand: lower price → higher quantity demanded; higher price → lower quantity demanded (income and substitution effects).
2. Higher income, population growth, stronger preferences, higher prices of substitutes, lower prices of complements, expectations of higher future prices/income.
3. Higher prices increase profitability and rising marginal costs require higher prices to supply more.
4. Higher input costs, higher taxes/regulation, lower technology, fewer sellers, higher prices of alternative goods, expectations of higher future prices.