Law of Supply

When producers offer fewer products for sale at the same prices

• Supply curve shifts right

• Supply curve shifts left

• They expect subsidies

• The price per unit has decrease

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

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

Which of these demonstrates an example of a supply curve? (More than one answer)

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• 

Which of the following supply curves demonstrates a decrease in the quantity supplied?

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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

The diagram represents a(n)

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

How many cup holders are producers willing to supply at a price of $2.50?

• 3,000
• 4,000
• 5,000
• 7,000