Supply Flashcard

Front

A decrease in the price of a good will

Back

decrease quantity supplied.

Front

What is the slope of a supply curve?

Back

positive

Front

Which graph below shows a perfectly inelastic SUPPLY CURVE? Options: A, B, C, D

Back

D

Front

The diagram represents a(n)

Back

increase in supply

Front

The Law of Supply states:

Back

as price increases, quantity supplied increases

Front

The movement from Point A to Point B represents a(n)

Back

decrease in the quantity supplied.

Front

Which of the following would not shift the supply curve for iphones? Options: an increase in the price of iphones, a decrease in the number of sellers of iphone, an increase in the price of plastic, an input into the production of iphones, an improvement in the technology used to produce iphones

Back

an increase in the price of iphones

Front

Graph automobiles: Auto Union Workers Agree to Wage Cuts

Back

Front

Graph automobiles: New robot increase efficiency for Autos

Back

Front

Graph automobiles: Cost of Steel decreases

Back