Mic6: Change in supply vs. change in quantity supplied, Supply determinants

Last updated over 6 years ago

5 Nsɛmmisa

Laabri

Mic6: Change in supply vs. change in quantity supplied, Supply determinants

Last updated over 6 years ago

5 Nsɛmmisa

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following from the graph above represents a decrease in the quantity supplied?

A shift from S2 to S1

A movement from point G to point F

A movement from point F to point G

A shift from S1 to S2

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following does NOT cause a change in supply?

Price

Price of inputs/resources

Number of sellers

Technology

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following would shift the supply of blue jeans from S to S1 in the graph above?

A decrease in the number of blue jean sellers

New technology that can produce jeans faster than before

The government taxes jeans producers

An increase in the cost of denim, a resource needed to make jeans

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following would shift the supply of cars from S to S2 in the graph above?

An increase in the number of car makers

The cost of steel, an input for cars becomes more expensive

The government gives subsidies to car makers

The government reduces taxes on car makers

Asemmisa {{asɛmmisaAhyɛnsode}}

All the following are determinants/shifters of supply EXCEPT.

Technology

Taxes

Cost of inputs

Tastes and Preferences

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following from the graph above represents a decrease in the quantity supplied?

A shift from S2 to S1

A movement from point G to point F

A movement from point F to point G

A shift from S1 to S2

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following does NOT cause a change in supply?

Price

Price of inputs/resources

Number of sellers

Technology

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following would shift the supply of blue jeans from S to S1 in the graph above?

A decrease in the number of blue jean sellers

New technology that can produce jeans faster than before

The government taxes jeans producers

An increase in the cost of denim, a resource needed to make jeans

Asemmisa {{asɛmmisaAhyɛnsode}}

Which of the following would shift the supply of cars from S to S2 in the graph above?

An increase in the number of car makers

The cost of steel, an input for cars becomes more expensive

The government gives subsidies to car makers

The government reduces taxes on car makers

Asemmisa {{asɛmmisaAhyɛnsode}}

All the following are determinants/shifters of supply EXCEPT.

Technology

Taxes

Cost of inputs

Tastes and Preferences