Supply Change vs Quantity Supplied

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Shifts vs moves in supply

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Froggy Jumps Supply Change vs Quantity SuppliedVersión en línea Shifts vs moves in supply por Linne 1 What causes a change in quantity supplied to occur on a graph? a A movement along the supply curve due to price change b A shift of the entire supply curve due to input costs c An imaginary line drawn for potential suppliers 2 What best defines a change in supply (a shift of the curve)? a A non-price determinant changes suppliers’ plans b A temporary error in data collection c Only changes in the price of the good 3 Which factor would shift the entire supply curve to the right? a Increase in the selling price of the good b Decrease in demand for the good c Decrease in production costs 4 Which factor would shift the supply curve to the left? a Higher input costs b Technological improvement c Higher consumer income 5 If a technological advance occurs, what happens to supply? a Supply decreases, curve shifts left b No change in supply c Supply increases, curve shifts right 6 Which statement describes a movement along the supply curve? a Price changes cause quantity supplied to change b Costs are the only determinant of supply c Prices do not affect quantity supplied 7 What is a supply schedule? a A diagram showing demand b A table showing quantities supplied at various prices c A forecast of consumer preferences 8 Which determinant does NOT shift the supply curve? a Expectations of future prices b Prices of related goods c Income of buyers 9 If producers expect higher prices next year, what happens today? a Current supply increases b There is no effect on today’s supply c Current supply may decrease 10 What causes a leftward shift in supply? a Higher production taxes b Technological progress c A decrease in input costs

Froggy Jumps

Supply Change vs Quantity SuppliedVersión en línea

Shifts vs moves in supply

por Linne

What causes a change in quantity supplied to occur on a graph?

A movement along the supply curve due to price change

A shift of the entire supply curve due to input costs

An imaginary line drawn for potential suppliers

What best defines a change in supply (a shift of the curve)?

A non-price determinant changes suppliers’ plans

A temporary error in data collection

Only changes in the price of the good

Which factor would shift the entire supply curve to the right?

Increase in the selling price of the good

Decrease in demand for the good

Decrease in production costs

Which factor would shift the supply curve to the left?

Higher input costs

Technological improvement

Higher consumer income

If a technological advance occurs, what happens to supply?

Supply decreases, curve shifts left

No change in supply

Supply increases, curve shifts right

Which statement describes a movement along the supply curve?

Price changes cause quantity supplied to change

Costs are the only determinant of supply

Prices do not affect quantity supplied

What is a supply schedule?

A diagram showing demand

A table showing quantities supplied at various prices

A forecast of consumer preferences

Which determinant does NOT shift the supply curve?

Expectations of future prices

Prices of related goods

Income of buyers

If producers expect higher prices next year, what happens today?

Current supply increases

There is no effect on today’s supply

Current supply may decrease

What causes a leftward shift in supply?

Higher production taxes

Technological progress

A decrease in input costs

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Supply Change vs Quantity Supplied

Froggy Jumps

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Creada por

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Supply Change vs Quantity SuppliedVersión en línea

por Linne

What causes a change in quantity supplied to occur on a graph?

What best defines a change in supply (a shift of the curve)?

Which factor would shift the entire supply curve to the right?

Which factor would shift the supply curve to the left?

If a technological advance occurs, what happens to supply?

Which statement describes a movement along the supply curve?

What is a supply schedule?

Which determinant does NOT shift the supply curve?

If producers expect higher prices next year, what happens today?

What causes a leftward shift in supply?

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