Thequantitysuppliedofagoodistheamountthat
A. buyers are willing and able to purchase.
B. sellers are able to produce.
C. buyers and sellers agree will be brought to market.
D. sellers are willing and able to sell.
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Amovementalongthesupplycurvemightbecausedbyachangein
A. production technology.
B. input prices.
C. expectations about future prices.
D.the price of the good or service that is being supplied.
Holdingthenonpricedeterminantsofsupplyconstant,achangeinpricewould
A. result in either a decrease in supply or an increase in supply.
B. result in a movement along a stationary supply curve.
C. result in a shift of demand.
D. have no effect on the quantity supplied.
Whichofthefollowingchangeswouldnotshiftthesupplycurveforagoodorservice?
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
Today,producerschangedtheirexpectationsaboutthefuture.Thischange
A. can cause a movement along a supply curve.
B. can affect future supply, but not today’s supply.
C. can affect today’s supply.
D. cannot affect either today’s supply or future supply.
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