Supply

A decrease in the price of a good will

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

Which graph below shows the SUPPLY CURVE?

• A
• B
• C
• D

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

The Law of Supply states:

• as price increases, quantity supplied increases

• as prices decrease, supply increases

What happened to a supply curve when supply goes down?

• moves left
• moves rights
• moves up
• moves down

What does this curve represent?

• demand
• supply
• equilibrium
• shortage

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