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- 1. Multiple ChoiceA decrease in the price of a good willincrease supply.decrease supply.increase quantity supplied.decrease quantity supplied.
- 2. Multiple Choice
What does this curve represent?
Change in Demand
Change in supply
Change in Quantity Demanded
Change in Quantity Supplied
- 3. Multiple Choice
Change in Quantity Supplied
Decrease in Supply
Increase in Supply
Decrease in Supply and Decrease in Demand
- 4. Multiple Choice
What will happen to equilibrium Price and Quantity?
Price Increase & Quantity Increase
Price decrease & Quantity Increase
Price Increase & Quantity decrease
Price decrease & Quantity decrease
- 5. Multiple Choice
Auto Union Workers Agree to Wage Cuts
Change in Resources/Inputs
Change in Subsides or Taxes Government Policy
Change in Income
Change in Number of Producers
- 6. Multiple Choice
Auto Union Workers Agree to Wage Cuts
- 7. Multiple Choice
New robot increase efficiency for Autos
- 8. Multiple Choice
Cost of Steel decreases
- 9. Multiple Choice
Major Auto producer goes out of business
- 10. Multiple Choice
Government gives Car producers Subsidies
- 11. Multiple Choice
Nationwide Auto workers strike
Change in supply
Change in quantity supplied
- 12. Multiple Choice
Cost of Steel decreases and effects autos
increase in supply
increase in quantity supplied
decrease in supply
decrease in quantity supplied
- 13. Multiple Choice
Price of Autos increase
increase in supply
increase in quantity supplied
decrease in supply
decrease in quantity supplied
- 14. Multiple Choice
Auto workers strike
increase in supply
increase in quantity supplied
decrease in supply
decrease in quantity supplied
- 15. Multiple ChoiceHow Many cup holders are producers willing to supply at a price of $3.00?3,0004,0005,0007,000
- 16. Multiple ChoiceWhat does this graph show?ShortageSurplusSupply TableEquilibrium
- 17. Multiple ChoiceThe price ceilingcauses a shortage of 45 units of the good.makes it necessary for sellers to ration the good.is not binding because it is set below the equilibrium price.Both orange and red are correct.
- Answer choicesTagsAnswer choicesTags