SUPPLY
Quiz by Darrin Weber
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includes Teacher and Student dashboards
Measure skillsfrom any curriculum
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5 questions
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- Q1A chart that lists how much of a good a supplier will offer at different pricesLaw of SupplyVariableTotal CostSupply Schedule30s
- Q2The amount a supplier is willing and able to supply at a certain priceQuantity SuppliedFixedVariableAdvertising30s
- Q3Example of the law of supplyA citrus farmer doubles his landA pizzeria increases slices as price increasesPerdue Chicken opens a new factoryA restaurant purchases a new oven30s
- Q4What usually occurs when new technology is introduced to a marketflood the market with the goodsincrease the cost of producingfixed cost changelower the cost of producing30s
- Q5According to the law of supply, what happens as price increases?The quantity supplied increases.The supply curve shifts to the right.The quantity supplied decreases.The supply curve shifts to the left30s