1.In the short run, a decrease in production costs of a product will shift
both the demand curve and the supply curve to the right
the demand curve to the left and the supply curve to the right
only the supply curve to the right
only the supply curve to the left
only the demand curve to the left
2.Which of the following will shift the supply curve for apples to the right?
An increase in consumers' income
An increase in the price of apples
An increase in the wages of apple pickers
A decrease in the rental price for apple harvesting equipment
A decrease in the demand for oranges, a substitute in consumption