Supply Review

If something happens to alter the quantity supplied at any given price, then

When quantity supplied decreases at every possible price, we know that the supply curve has

When quantity supplied increases at every possible price, we know that the supply curve has

An increase in supply is represented by

A decrease in supply is represented by

An increase in quantity supplied

A decrease in quantity supplied

A leftward shift of supply curve is called

A rightward shift of supply curve is called

A movement upward and to the right along a supply curve is called

A movement downward and to the left along a supply curve is called

A decrease in the price of a good will

An increase in the price of a good will

When the price of a good or service changes

A movement along the supply curve might be caused by a change in

Holding the nonprice determinants of supply constant, a change in price would

An increase in the price of a good would

An increase in the price of oranges would lead to

The supply for cookbooks shifts

Lead is important in the production of crystal. If the price of lead decreases, then we would expect the supply of

Suppose you make jewelry. If the price of god falls, then we would expect you to

Supposed there is an increase in the price of steel. We would expect the supply curve for steel beams

Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect the

An increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these two events,

A technological advance will shift the

An advance in production technology will

If car manufacturers begin utilizing new labor-saving technology on their assembly lines, we would NOT expect

Today, producers changed their expectations about the future. This change

If suppliers expect the price of their product to fall in the future, then they will

What will happen in the rice market now if sellers expect higher rice prices in the near future?

Today's supply curve for gasoline could shift in response to

A dress manufacturer recently has come to expect higher prices for dresses in the near future. We would expect

Recent forest fires are expected to cause the price of lumber to rise in the next 6 months. As a result, we can expect the supply of lumber to

What is a determinant of the market supply curve but NOT a determinant of an individual seller's supply?

If the number of sellers in a market increases, then the

A decrease in the number of sellers in the market causes