Supply

A decrease in the price of a good will

• increase supply.
• decrease supply.
• increase quantity supplied.
• decrease quantity supplied.

What does this curve represent?

• Change in Demand

• Change in supply

• Change in Quantity Demanded

• Change in Quantity Supplied

• Change in Quantity Supplied

• Decrease in Supply

• Increase in Supply

• Decrease in Supply and Decrease in Demand

What will happen to equilibrium Price and Quantity?

• Price Increase & Quantity Increase

• Price decrease & Quantity Increase

• Price Increase & Quantity decrease

• Price decrease & Quantity decrease

Auto Union Workers Agree to Wage Cuts

• Change in Resources/Inputs

• Change in Subsides or Taxes Government Policy

• Change in Income

• Change in Number of Producers

Auto Union Workers Agree to Wage Cuts

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New robot increase efficiency for Autos

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Cost of Steel decreases

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Major Auto producer goes out of business

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Government gives Car producers Subsidies

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