supply shifts

If a new, huge oil reservoir was found in Ohio, this would cause the ___________ curve for oil and gas to shift ____________.

• demand.........right
• demand.........left
• supply.......right
• supply....... left

More sellers enter the "Pizza" market. What happens to the total number of pizzas supplied?

• they decrease (curve shifts left)
• they increase (curve shifts right)
• they stay the same (the curve stays)

The government puts regulations on the auto industry forcing them to put new protective technologies (such as new types of airbags) in every car produced?

• shifts right
• shifts left
• movement up supply curve
• movement down supply curve

If the price of flour that Pizza Hut buys increases from $3 to $4 per pound, you would likely see...

• the supply of pizza shift to the right. 
• the supply of pizza shift to the left.
• the quantity supplied of pizza will shift left along the curve.
• the quantity supplied of pizza will shift right along the curve. 

Which of the following does not cause a change in supply?

• Government regulations. 
• New Technology.
• Change in price.
• Changes in productivity.

Identify the correct determinant of supply:
Example: If the cost of electricity used to power an automotive factories falls, the supply of cars in the market increases

• Cost of resources
• Number of sellers
• Change in expectations
• Change in technology

Identify the correct determinant of supply.
Example: If the government requires factories to reduce pollution, complying will initially increase costs of production in the market and reduce supply.

• Government regulation
• Cost of resources
• Change in education 
• Change in technology

Identify the correct determinant of supply.
Example: As the demand for DVDs decreased due to consumer preference for streaming movies, the market price for DVDs fell. This lower market price caused sellers to leave the DVD market and supply decreased. 

• Government regulation
• Change in number of sellers
• Change in income
• Change in expectations

Identify the correct determinant of supply.
Examples: When auto manufacturer were able to implement robotics on the production line, automobiles were produced more quickly and at a smaller cost per unit. This allowed the industry to supply more cars.

• Government regulations
• Expectations
• Number of sellers
• Change in technology

Scientists figure out how to genetically modify oats so that they become very plentiful and inexpensive to buy. What happens to the market for Cheerios (made of oats)?

• Demand increases

• Demand decreases

• Supply increases

• Supply decreases