Supply

Supply

Multiple Choice

Producers will supply ____ of a good if it can be sold a higher price.

• less

• more

• the same amount

Multiple Choice

As a business owner, you do not begin to make a profit until...

• ...all costs of production have been met

• ...you make a lot of money

• ...you pay your taxes

Multiple Choice

If producers are expecting a drop in prices for they products that they sell, they will...

• supply more

• supply less

• supply the same amount

Multiple Select

Technology can lead to...(check all that apply)

• increased speeds of production

• cuts in the cost of production

• less jobs for workers

Multiple Choice

When products can have their supply negatively impacted by another that shares the same resources, that is known as...

• competitive supply

• joint supply

• profitable supply