Micro Unit 2.2-Law of Supply and Supply Video Choice
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Last updated over 1 year ago
10 questions
1
According to the Law of Supply, there is an inverse relationship between Price and Quantity.
According to the Law of Supply, there is an inverse relationship between Price and Quantity.
1
The price of the product stems from a lot of factors. However, all of those factors feed into a single idea that the price of a good (from the sellers point of view) stems from the _______ of that good, or what the businesses have to pay to make the product. (1 word answer)
1
Sequence the following.
Sequence the following.
- Your inability to produce
- Your inability to get resources
- Creates
1
Technology and productivity are the factors of supply that would....
Technology and productivity are the factors of supply that would....
1
1
Firms exist to minimize profits.
Firms exist to minimize profits.
1
The Law of Supply states that the relationship between quantity supply and price is_______ .
1
Sketch the Supply Curve.
Sketch the Supply Curve.
- Click the graph tab.
- Click on the graph background to add a point. Add two points to create a graph. Drag a point or type in x and y coordinates to edit its position. Click on a point to delete it.
1
Another word for shifter is _______ . There happens to be 6 of these for supply. (1 word)
1