Supply

Front

What does a downward-sloping line that represents the relationship between price and quantity in economics represent?

Back

demand

Front

Brianna is analyzing a graph that shows the relationship between the price of apples and the quantity available in the market. What does this curve represent?

Back

supply

Front

In a local farmers' market, who determines the SUPPLY of fresh produce?

Back

sellers

Front

In a local farmers' market, which group of people determines the DEMAND for fresh produce?

Back

buyers

Front

How does a shift in supply differ from a shift in demand?

Back

A shift in supply is caused by factors affecting producers, while a shift in demand is caused by factors affecting consumers.

Front

When something other than price changes there is a ______________the curve

Back

shift of

Front

Litzy and Ingrid run a bakery and recently invested in new baking technology that speeds up the production process. What happens to the supply curve for their baked goods?

Back

The supply curve shifts to the right

Front

Yoselyn runs a lemonade stand. Which scenario would lead to a movement along the supply curve for her lemonade rather than a shift? A decrease in the cost of lemons, An increase in the number of lemonade stands in the area, A change in the price of lemonade itself, A government subsidy for lemonade production

Back

A change in the price of lemonade itself

Front

Dalycel and Melanie are discussing the impact of a new government regulation that increases the cost of production for car manufacturers. What is the likely effect on the supply curve for cars?

Back

The supply curve will shift to the left

Front

Victor and Odette are discussing factors that could lead to a shift in the supply curve for electric vehicles. Which of the following factors would they consider? A reduction in the cost of electric car batteries, An increase in the demand for electric cars, A rise in the price of oil, A government subsidy for electric car manufacturers

Back

A reduction in the cost of electric car batteries