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The Rules of Supply Flashcards | StudBud
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The Rules of Supply
The Rules of Supply
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Questions
10
Answers
1
Which shifter of supply is the following an example of?
number of suppliers
rising costs
future expectations of prices
government subsidies
2
Which of the shifters of demand is the following image an example of?
scandal
education
celebrity endorsement
technology
3
Which "cost" of supply is the following image an example of?
fixed cost
profit
total revenue
variable cost
4
Which shifter of supply is the following image an example of?
rising costs
future expectations
government subsidies
government regulation
5
Which shifter of supply is the following image an example of?
excise tax
rising cost
number of suppliers
future expectation
6
How does a supplier actually calculate their profit?
marginal cost-marginal revenue
total revenue-total cost
fixed cost-variable cost
total revenue-marginal cost
7
Which shifter of supply is the following image an example of?
technology
excise taxes
number of suppliers
government subsidies
8
Which shifter of supply is the following image an example of?
government regulation
technology
excise tax
government subsidy
9
Which of the shifters of supply is the following image an example of?
future expectations
number of suppliers
excise taxes
technology
10
Which of the shifters of supply are the following images an example of?
future expectations of prices
rising costs
number of suppliers
technology
