What is an increase in supply? a. An upward movement in the position of the supply...
What is an increase in supply?
| a. | An upward movement in the position of the supply curve to the right | b. | It happens when the price of the good increases. |
|---|---|---|---|
| c. | A movement up along a given supply curve caused by an increase in price | d. | A movement or shift in the supply curve to the right |
Which of the following causes a decrease in supply?
| a. | An expected increase in the price of the good | b. | An increase in the price of the good |
|---|---|---|---|
| c. | An increase in the price of inputs | d. | A decrease in the price of the good |
Homework Answers
Ques: Increase in supply means rightward shift of the supply curve. It occurs when factor other than supply affecting the supply.
Hence Option D is correct
Ques: Decrease in supply means leftward shift if the supply curve. It happen when factor other than price affecting Supply keeping price unchanged
Option C is correct As input price increases, Cost of production increases, Profit margin decreases. Hence supply curve shift to the left.
Option A is wrong as it leads to rightward shift of the supply curve.
Option B and D are eliminated as Price affect supply not non price factor.
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What is an increase in supply?
a.
An upward movement in the position of the supply...
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questions 20 18. A movement downward and to the right along a demand curv a. increase...
questions 20
18. A movement downward and to the right along a demand curv a. increase in demand. b. decrease in demand. c. decrease in quantity demand d increase in quantity demand. 19. The law of supply says that an increase in a price causes quantity supplied to increase. b. price causes quantity supplied to decrease. c. quantity supplied causes price to increase d. quantity supplied causes price to decrease 20. A downward-sloping demand curve shows a that demand decreases...
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questions 20
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