A movement along the supply curve might be caused by a change in
A movement along the supply curve might be caused by a change in
A production technology.
B input prices.
C expectations about future prices.
D the price of the good or service that is being supplied.
Homework Answers
Option D.
- A movement along the supply curve might be caused by a change in the price of the good or service that is being supplied.
- A supply curve shows how the quantity supplied will change as the prices increases or decreases.
- A shift in supply means change in the prices of goods or services supplied at a particular price.
Which of the following changes would not shift the supply curve for a good or service?
Which of the following changes would not shift the supply curve for a good or service? A a change in production technology B a change in the price of the good or service C a change in expectations about the future price of the good or service D a change in input prices
A change in the price of a good ts supply curve and a movement along ds...
A change in the price of a good ts supply curve and a movement along ds supply curve O A. shits; does not cause O B. does not shint, aces not cause O c. does not shift, causes O D. shifts, causes O E. None of the above because the change in the price might cause ether a shert in the supply ourve or a movement along the supply curve depending on the size of the change
The size of a movement ALONG a demand curve caused by a shift in supply would...
The size of a movement ALONG a demand curve caused by a shift in supply would be measured by the Select one: a. cross-price elasticity of demand b. elasticity of supply c. elasticity of demand d. cross-price elasticity of supply
Indicate which of the following will cause a movement along a demand curve. Which will shift...
Indicate which of the following will cause a movement along a demand curve. Which will shift the demand curve to the left? Which will shift the demand curve to the right? Will demand increase or decrease? DRAG AND DROP TO MATCH. MATCH LETTERS TO NUMBERS e.g. 1A, 2B, 3F, 4C, 5E 1. An increase in the price of the good 2. An increase in income for a normal good 3. A decrease in the price of a substitute good 4....
6. Movements along versus shifts of supply curves
6. Movements along versus shifts of supply curvesConsider the market supply of cereal.Complete the following table by indicating whether an event will cause a movement along the supply curve for cereal or a shift of the supply for cereal, holding av else constant.EventAn increase in the price of cerealA change in technology that makes it more costly to produce cerealA change in expectations about the future price of cereal
ID: 19. Which of the following will cause a movement upward along a supply curve a....
ID: 19. Which of the following will cause a movement upward along a supply curve a. Increases in raw material costs. b. Increases in the market price of a good, other things being equal c. Increases in the cost of machinery. d. Increases in labor costs. 20. Demand for a good will always rise when: a. the price of a substitute good falls. b. the price of a complementary good falls e. incomes decrease. d. tastes change. e. the price...
Which of the following might cause the supply curve for an inferior good to shift to the right?
Which of the following might cause the supply curve for an inferior good to shift to the right? a. an increase in input prices b. a decrease in consumer income c, an improvement in production technology that makes production of the good more prod. a decrease in the number of sellers in the market
10. An increase in supply is the same as: A. a movement up along a supply...
10. An increase in supply is the same as: A. a movement up along a supply curve B. a change in the good's price C. a shift rightward in the supply curve. D. a shift leftward in the supply curve. E. Both A and D. 11. Which of the following statements is (are) correct? (x) The unique point at which the supply and demand curves intersect is called equilibrium and the equilibrium price is the only price where quantity supplied...
13 Circle the variables that change as we move along the supply curve for pencil, and...
13 Circle the variables that change as we move along the supply curve for pencil, and indicate others assumed to be fixed or irrelevant a)quantity of b)price of wood, c) price of pencils, d) prices of pen, e) subsidies. pencils supplied,
The primary difference between a change in supply and a change in the quantity supplied is...
The primary difference between a change in supply and a change in the quantity supplied is that: Select one: O a. a change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that shift the supply curve. O b. both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. O c. a change in quantity supplied...
A change in the price of a good ts supply curve and a movement along ds supply curve O A. shits; does not cause O B. does not shint, aces not cause O c. does not shift, causes O D. shifts, causes O E. None of the above because the change in the price might cause ether a shert in the supply ourve or a movement along the supply curve depending on the size of the change
ID: 19. Which of the following will cause a movement upward along a supply curve a. Increases in raw material costs. b. Increases in the market price of a good, other things being equal c. Increases in the cost of machinery. d. Increases in labor costs. 20. Demand for a good will always rise when: a. the price of a substitute good falls. b. the price of a complementary good falls e. incomes decrease. d. tastes change. e. the price...
13 Circle the variables that change as we move along the supply curve for pencil, and indicate others assumed to be fixed or irrelevant a)quantity of b)price of wood, c) price of pencils, d) prices of pen, e) subsidies. pencils supplied,
The primary difference between a change in supply and a change in the quantity supplied is that: Select one: O a. a change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that shift the supply curve. O b. both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. O c. a change in quantity supplied...
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