1. You notice that juice is now selling for much higher prices than in the past. Which two things would you expect to happen next? (Select two answers.)
Question 1 options:

Demand will go up

Demand will go down

Supply will go up

Supply will go down

2. Many of the economic regulations put in place by the U.S. government are intended to do which two things? (Select two answers.)
Question 2 options:

Reduce competition

Prevent companies from taking unfair advantage of consumers

Create monopolies

Prevent consumers from supporting small businesses

Help large companies get more powerful

3. Promote competition
Question 3 (1 point)
Question 3 Unsaved

A popular celebrity promotes a certain brand of clothing, and this increases the demand for that brand of clothing. What two things would you expect to happen next? (Select two answers.)
Question 3 options:

The price will go up.

The price will go down.

The producer will increase the supply.

The producer will decrease the supply.

In reaction to price increase , supply of goods will go up as suppliers will want to take advantage of the hike in price. More suppliers will want to supply at a lower price causing a shift to the right of the supply curve.

On the side of demand , it goes down as customers will not be able to achieve as much with a specific sum of money. Moreover , customers will also look out for alternative goods or products that can satisfy a need.