Supply
Quiz
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Other
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University
•
Practice Problem
•
Hard
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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expectations
Shifts the supply curve
Increases demand
Decreases supply
Stabilizes prices
2.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Graph showing a leftward shift in the supply curve
This represents an increase in supply due to lower input costs.
This represents a decrease in supply, often due to higher input costs or adverse events.
This indicates a stable supply with no changes in costs.
This shows a shift in demand rather than supply.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Movement along the supply curve
Occurs when there is a change in the quantity supplied due to a change in price.
Happens when there is a shift in the entire supply curve due to external factors.
Is defined as a decrease in the quantity supplied regardless of price changes.
Refers to the increase in demand leading to higher prices.
4.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
How does a technological improvement affect the supply curve?
It shifts the supply curve to the left, indicating a decrease in supply.
It shifts the supply curve to the right, indicating an increase in supply.
It has no effect on the supply curve.
It makes the supply curve vertical, indicating fixed supply.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Factors causing shifts in the supply curve
Changes in input prices, technology, number of sellers, and expectations about the future.
Changes in consumer preferences, government regulations, and seasonal variations.
Changes in interest rates, inflation, and currency exchange rates.
Changes in marketing strategies, advertising, and brand loyalty.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fall in input prices makes production more profitable at each output price.
Lower input prices increase profit margins for producers.
Higher input prices decrease profit margins for producers.
Input prices have no effect on production profitability.
Increased output prices lead to lower production costs.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Graph showing changes in input prices with supply curves shifting right.
The graph illustrates how a decrease in input prices, like sugar, affects supply.
The graph shows an increase in demand due to higher input prices.
The graph indicates that supply decreases when input prices rise.
The graph represents a stable supply curve regardless of input prices.
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