As shown in Exhibit 3-5, the price and quantity supplied by sellers of Tucker's Cola have a(n) ____ relationship.
c. negative.
d. zero.
b. inverse.
a. direct.
The "ceteris paribus" clause in the law of supply allows which of the following factors to change?
b. technology
d. the price of the good supplied
a. the price of an input
c. the number of sellers
Which of the following is true for the law of supply?
b. Sellers increase the quantity of a good supplied as price increases.
c. Price decreases as more units are supplied.
a. Buyers decrease the quantity of a good purchased as price increases.
d. A decrease in price results from more demand
When economists say the quantity supplied of a product has decreased, they mean the:
b. supply curve has shifted to the right.
d. price of the product has fallen, and consequently, suppliers are producing less of it.
a. supply curve has shifted to the left.
c. price of the product has risen, and consequently, suppliers are producing more of it.
Which of the following will cause a movement upward along a supply curve?
b. Increases in labor costs.
d. Increases in the market price of a good, other things being equal.
a. Increases in raw-material costs.
c. Increases in the cost of machinery.
Which of the following will cause a shift to the left of the supply curve?
b. Increases in taxes per unit of output.
c. Advances in technology.
a. Increases in the market price of the good being supplied, other things being equal.
d. Decreases in input prices
Which of the following will cause a movement along the supply curve?
b. An increase in labor costs.
d. Changes in the market price of a good, other things held constant.
a. An increase or decrease in the raw materials costs.
c. Changes in the cost of the machinery used to make a good.
When economists say the supply of a product has decreased, they mean that:
b. the product price has decreased, and as a consequence, suppliers are producing less of the product.
d. the supply curve has shifted to the right.
a. the supply curve has shifted to the left.
c. producers are now willing to sell more of this product at each possible price.
A decrease in supply means that: .
b. there is a movement upward and to the right along the supply curve.
d. the quantity supplied at every price will decrease
a. the supply curve will shift to the right.
c. there is a movement down and to the left along the supply curve.
An increase in the number of producers will:
b. increase the market supply only when market demand increases too.
d. increase the market supply only if each supplier has an identical supply curve.
a. increase the market supply, because the price will rise.
c. increase the market supply, because market supply is the sum of all individual supply curves.
An increase in the supply of the product implies:
b. the supply curve will shift to the left.
d. producers will now charge a lower price for a given quantity of output
a. producers will now charge a higher price for a given quantity of output.
c. the price of this product has increased.
In Exhibit 3-4, a shift in the supply curve from S1 to S2 represents a(n):
c. increase in supply.
b. decrease in the quantity supplied.
d. increase in the quantity supplied.
a. decrease in supply.
In reference to Exhibit 3-5, assume the price increases from $1 to $3.00 per gallon, and all other factors, the result would be a(n)
c. decrease in quantity supplied.
d. increase in quantity supplied.
a. decrease in supply.
b. increase in supply.
A technological improvement in producing good A would cause:
b. a shift to the left of the supply curve for A.
d. a movement downward and to the left along the supply curve for A.
a. a shift to the right of the supply curve for A.
c. a movement upward and to the right along the supply curve for A.
Which of the following events would increase the supply of tomatoes?
b. An increase in wages for the tomato pickers.
d. Unseasonably hot, dry weather in the tomato-growing regions of the nation.
a. A decrease in the price of pasta products.
c. A decrease in the cost of fertilizers for the tomato plants.
Farmers can produce wheat and/or rice. What will happen in the wheat market if there is an increase in the price of rice?
b. Wheat supply will decrease.
c. Wheat demand will increase.
a. Wheat supply will increase.
d. Wheat demand will decrease
An improvement in a firm's technology that reduces its production costs will result in a(n):
b. increase in supply.
d. an increase in demand.
a. leftward shift of the supply curve.
c. decrease in quantity supplied at any given price.
Which of the following could cause the supply of carrots to decrease?
b. There is a technological advance in carrot production.
c. Fertilizer costs increase.
a. Consumers' incomes decrease.
d. The number of farmers growing carrots increases
There is a technological advance in the production of digital watches. This will cause: supply to ________. (increase or decrease?)
A technological improvement in the production of good X causes the: supply curve for X to shift to the ______ (left or right?).
"Because of unseasonable cold weather, much of the peach crop has been destroyed." This statement indicates that the:
b. quantity of peaches that will be available at any given price has decreased.
c. demand for peaches will shift to the left.
a. price of peaches will fall.
d. quantity of peaches that will be available at any given price have increased.
Which of the following would decrease the supply of airline travel?
b. New airline companies beginning operations.
c. Higher fuel costs.
a. Reduced number of airline travelers.
d. Lower prices for airline tickets.
A shift occurs in the supply curve for salt when:
b. improvements are made in the production process.
c. salt is found to be associated with high blood pressure.
a. the price of salt increases.
d. consumers expect the price of salt to increase in the future
Price of resources can shift supply curve. Price of resources can be also called :________ (单数/复数均可，答案小写)
T/F: number of buyers can shift supply curve to left
T
F
What is the name of the money given by the government to the businesses to encourage them produce more goods? (单复数均可，小写答案)