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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 ChoiceWhich way does a supply curve slope?downupbothneither
- 3. Multiple Choice
Which graph below shows the SUPPLY CURVE?ABCD - 4. Multiple ChoiceThis part of the market determines SUPPLYbuyerssellersconsumersus
- 5. Multiple ChoiceThe diagram represents a(n)increase in supplydecrease in supplychange in quantity suppliednone of the above
- 6. Multiple ChoiceThe Law of Supply states:as price increases, supply increasesas prices decrease, supply increases
- 7. Multiple ChoiceThe movement from Point A to Point B represents a(n)increase in the price.decrease in the quantity supplied.shift in the supply curve.Both Orange and Blue are correct.
- 8. Multiple ChoiceWhich of the following would not shift the supply curve for iphones?an increase in the price of iphonesa decrease in the number of sellers of iphonean increase in the price of plastic, an input into the production of iphonesan improvement in the technology used to produce iphones
- 9. Multiple ChoiceNew technology advances the rate at which furniture can be assembled. Why does this change the supply?Change in cost of productionChanges in number of producersChanges in expectations
- 10. Multiple ChoiceWhat is quantity of a good or service that producers sell at a market price?supplydemand
- 11. Multiple ChoiceA decrease in the price of a good willDecrease quantity suppliedDecrease demand
- 12. Multiple Choice
Auto Union Workers Agree to Wage Cuts
- 13. Multiple Choice
New robot increase efficiency for Autos
- 14. Multiple Choice
Cost of Steel decreases
- 15. Multiple Choice
Major Auto producer goes out of business
- 16. Multiple Choice
Government gives Car producers Subsidies
- 17. Multiple Choice
Price of Autos increase
increase in supply
increase in quantity supplied
decrease in supply
decrease in quantity supplied
- 18. Multiple Choice
What is the relationship between the Price and Quantity Supplied
Direct Relationship
Inverse Relationship
Positive Relationship
Negative Relationship
- 19. Multiple Choice
What is the direction of the supply curve from Left to Right?
Upward
Downward
Sideward
No answer in the choices
- 20. Multiple Choice
How does taxes affect production or supply?
creates more supply
creates less supply
creates variable supply
does not affect the supply
- 21. Multiple Choice
When there is too much of something this is called a
Surplus
Shortage
- 22. Multiple Choice
When there is not enough of something this is called a
surplus
shortage
- 23. Multiple Choice
Equilibrium is where
supply is more than demand
supply is less than demand
supply and demand meet
- Answer choicesTagsAnswer choicesTags