Econ Quiz | Part 1 | Think Econ |

[@Wutizgo]

You should ask/ answer questions once per video

[@owenthomas3621]

Got them all right 🔥

[@TanakaKanukai-dq6hs]

We did this in class and argued on question 4

[@ThinkEcon]

A leftward shift of the supply curve and no change in the demand will yield a new equilibrium with a higher price and a lower quantity. When in doubt, draw it out! Anyone who chose the second option in your class is correct! ☺

[@TanakaKanukai-dq6hs]

@@ThinkEcon that really helped

[@TanakaKanukai-dq6hs]

Can u do one on elasticity

[@chelceedado1604]

4/5 i got the last question wrong😅

[@ThinkEcon]

So close!