supply

A decrease in the price of a good will

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

This part of the market determines SUPPLY

• buyers
• sellers
• consumers
• us

Which graph below shows the SUPPLY CURVE?

• A
• B
• C
• D

The diagram represents a(n)

• increase in supply
• decrease in supply
• change in quantity supplied
• none of the above

The Law of Supply states:

• as price increases, supply increases
• as prices decrease, supply increases

The willingness and ability of a producer to make a product is referred to as

• quantity supplied

• quantity demanded

• supply

• demand

Movement along a supply curve demonstrates

• a change in quantity supplied

• a change in quantity demanded

• a change in supply

• a change in demand

Salazar's Sweets sells popsicles; because it is so hot (in October!), more people buy these popscicles. Salazar's now sells their sweets at a higher price.

• This is supply and demand.

• This is the law of demand.

• This is the law of supply.

• This is crazy.

A shift in a supply curve demonstrates

• a change in quantity supplied

• a change in quantity demanded

• a change in supply

• a change in demand

What might cause the supply curve to shift left?

• price of a complementary good decreases

• large number of producers enter the market

• computer processing improves production

• a new law is passed requiring all new motorcycles to have back-up cameras