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Shifts in supply curve Flashcards | StudBud
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Shifts in supply curve
Shifts in supply curve
6 terms
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StudBud Administration
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164 plays
Economics- shifts in supply curve
Flashcards
6 cards
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Practice quiz
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Questions
6
Answers
1
If the cost of computer components falls, then
the demand curve for computers shifts to the left.
the supply curve for computers shifts to the right
the demand curve for computers shifts to the right.
2
What happens in the market for airline travel when the price of traveling by rail decreases?
The demand curve shifts right.
The supply curve shifts left.
The demand curve shifts left.
3
If the cost of making bicycles falls,the price goes down,causing the demand curve to the right.
True
False
4
If the demand curve shifts to the right, then we move up & to the right along our supply curve.
True
False
5
The Supply Curve is upward-sloping because?
As the price increases, consumers demand less.
Price increases, suppliers can earn higher levels of profit.
As the price increases, so do costs.
6
All the following shift the demand curve for automobiles to the right except:
the local factory gives a big raise to its employees.
the price of gasoline falls.
a brand new automobile dealership opens in town.
