Chapter 5 Section 3

What is Change in Quality Supply?

• an increase or decrease in the amount of a good or service that producers are willing to sell because of a change in a price.

• a change in the material

• a change in management

• a change in the community

What is Change in Supply?

• change the business

• occurs when something prompts producers to offer different amounts for sale at every price.

• loosing the buisness

• change in employees

What are Input Cost?

• the gas used

• • are the price of the resources needed to produce a good or service. 

• the cost of food for employees

• the cost to build the building

What is Labor Productivity

• the amount of employees

• the amount of electricity used

• the amount of goods and services that a person can produce in a given time.

• the amount of people it took

What is Technology?

• The use of people

• • involves the application of scientific methods and discoveries to the production processes, resulting in new products or new manufacturing techniques.  

• The action of making something

What is an Excise Tax?

• tax on employees

• a tax on the production or sale of a specific good or service.

• tax on equipment

• tax on electricity

What is regulation?

• the act of buying new tools

• • the act of controlling a business behavior through a set of rules or laws, can also affect supply. 

• the act of making more business

What Does BET Stand For?

• Black Entertainment Television

• Black Equal TV

• betting money

What Company Bought BET?

• Nickelodeon

• MTV

• Viacom International Inc.

How Much Was BET Sold For?

• 500

• 150,000

• 3 billion

• 6 billion