WorksheetsChanges in supply
Total questions: 16
Worksheet time: 7mins
Costs of production rise
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
Costs of production fall
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
New technology introduced
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
An increase in the price of related goods
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
A decrease in the price of related goods
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
Technology fails
Supply falls
Supply rises
Quantity supplied rises
Quantity supplied falls
When technology fails, which two things happen?
increase in costs of production
decrease in costs of production
fall in revenue
a decrease in supply
When technology improves, which two things happen?
increase in costs of production
decrease in costs of production
an increase in supply
a decrease in supply
When costs of production rise, which two things happen?
Profit falls
Revenue falls
Supply increases, curve shifts right
Supply falls, curve shifts left
When costs of production fall, which two things happen?
Profit falls
Profit rises
Supply increases, curve shifts right
Supply falls, curve shifts left
When the price of related goods rise, which of the following things happen?
An increase in the quantity supplied of the related good
An increase in supply of the related good
The related good becomes relatively more profitable
Supplier switches resources to increase supply of related good
An increase in supply
The supply curve shifts left
The supply curve shifts right
Movement up the supply curve
Movement down the supply curve
A decrease in supply
The supply curve shifts left
The supply curve shifts right
Movement up the supply curve
Movement down the supply curve
New regulations increase costs of production, what happens?
Profit falls
Revenue falls
Supply increases, curve shifts right
Supply falls, curve shifts left
An increase in wages causes
an increase in the costs of production
a decrease in the costs of production
a decrease in supply
a decrease in the quantity supplied
A decrease in the cost of power causes
an increase in the costs of production
a decrease in the costs of production
an increase in supply
an increase in the quantity supplied
