2.4 Supply Changes

Supply Changes

Open Ended

Is SUPPLY focused on consumers or producers?

(buyers or businesses?)

Open Ended

We say that the law of supply is a DIRECT relationship. What do we mean?

Open Ended

If there is a  $\Delta$   QS, it means that the ____ changed .

Multiple Choice

A simple change in $$ is  $\Delta$  QS. It means we move LONG the curve. Which graph shows that  $\Delta$  QS

Multiple Choice

Factors OTHER THAN price make us draw a new line parallel to the original line. What does this look like?

Open Ended

What does the S stand for in S.C.E.N.T.?

Open Ended

What does the C stand for in S.C.E.N.T.?

Open Ended

What does the E stand for in S.C.E.N.T.?

Open Ended

What does the N stand for in S.C.E.N.T.?

Open Ended

What does the T stand for in S.C.E.N.T.?

Open Ended

When we graph Supply OR Demand, what does it mean to move along the curve?

Open Ended

When we graph Supply OR Demand, what does it mean to SHIFT the line?

Open Ended

When we graph Supply OR Demand,

Right is _______

Left is ________

Multiple Choice

If Supply or Demand INCREASES, where does the NEW LINE go?

• to the left

• to the right

Multiple Choice

If Supply or Demand DECREASES , where does the NEW LINE go?

• to the left

• to the right

Open Ended

What is the aconym associated with DEMAND?

Open Ended

What is the acronym associated with SUPPLY?

Multiple Choice

What does the greek symbol delta stand for?

 $\Delta$  

• change

• supply

• demand