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Supply Flashcards | StudBud

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Supply

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Questions 5

Answers

1
This is a picture of a
Supply curve
Demand curve
2
If the price of pizza decreases, the owner of Abbot's pizza will supply ___ pizza
The same amount of
Less
More
3
The main factor in the elasticity of supply is
Price
Time
Brand name
4
Quantity supplied and price have a ______ relationship
Negative
Direct
Inverse
5
REVIEW: if the price of skis increases, demand for ski boots will
Decrease
Stay the same
Increase