Supply

Front

The willingness and ability of a producer to make a product is referred to as

Back

supply

Front

Movement along a supply curve demonstrates

Back

a change in quantity supplied

Front

A shift in a supply curve left or right demonstrates

Back

a change in supply

Front

Which way does a supply curve slope?

Back

up

Front

As opposed to movement along the supply curve, a change (shift) in the entire supply curve is a result of ____.

Back

a change in something other than price

Front

What effect do excise taxes on production usually have on the supply curve?

Back

decreases supply, supply curve shifts left

Front

Which of these do the producers of an item hope to achieve when adopting new technology?

Back

a shift of the supply curve for that item to the right

Front

The diagram represents a(n)

Back

increase in supply

Front

This image represents a(n):

• supply schedule
• demand schedule
• demand curve
• supply curve

Back

supply schedule

Front

According to the law of supply, the relationship between price and quantity supplied is:

Back

Direct