Review Game Zone
Games
Test
Preview
Back
Match it!
Match it! Select the correct answer from the pull down...Good luck!
If the cost of computer components (parts) falls, then
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
According to the Law of Supply,
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
The supply curve is upsloping because........
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
All of the following shifts the demand curve for automobiles to the "right" EXCEPT:
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
Which of the following would cause the supply curve to shift to the left
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
Companies that sell similar goods and services are called
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
Of the following, which situation would cause a shift of the supply curve from S1 to S2?
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
Which of the following would NOT encourage a producer to enter a particular industry?
competitors
as the price increases, suppliers (producers, businesses) can earn higher profits
the demand curve for computers SHIFTS TO THE RIGHT
a brand new automotive dealership opens in town
Drought reduces industry output by 25%
the price of the product is low
an increse in taxes
quantity supplied and price have a direct relationship
Check it!
Match it!
Match it!