Supply

Supply

Multiple Choice

What is the supply curve?

• shows the Qs

• Shows the Price

• Shows how much is demanded

• Shows the entire Supply Market

Multiple Choice

What kind of relationship does P and Qs have?

• Direct

• Indirect

• Inverse

• Negative

Multiple Choice

If price goes down, what happens to Qs

• goes down

• goes up

• goes nowhere

• goes to Mac's House

Multiple Choice

If price goes up or down, what happens to QS

• shifts the entire line

• creates movement along the line

• deletes the line

• makes the line bigger

Multiple Choice

A decrease in supply means...

• shift to the left

• shift to the right

Multiple Choice

True or False...a change in Qs will shift the curve...

• True

• False

Multiple Choice

Which of the following is NOT a factor that can shift the curve

• costs of inputs

• number of sellers

• better technology

• change in prices

Multiple Choice

Which of the following is a change in market that could shift the curve

• new President

• war

• banking regulations

• Gold standard

Multiple Choice

IAre the stimulus checks a form of gov't policies that could shift the curve?

• YES

• NO