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when supply is higher than demand then price will

When Demand is higher than Supply then prices will...……...

Supply

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Questions 10

Answers

1
When Demand is higher than Supply then prices will...……...
Rise
stay the same
Fall
fluctuate
2
when supply is higher than demand then price will
fall
stay the same
fluctuate
rise
3
An inward shift could be caused by..
an indirect tax placed on the good
better technology
a rise in the price
less productive workers
4
An outward shift could be caused by....
an increase in worker productivity
a rise in the price
technology being worse
a ris in the cost of production
5
A rise in the price will cause supply to.....
contract
SHIFT INWARDS
extend
SHIFT OUTWARDS
6
Only one of these factors affects Supply - which one is it?
A rise in Income
Fall in the price of a substitute good
Better technology
Negative advertising
7
Price and quantity supplied are
positively related
inversely related
unrelated
directly proportional
8
Supply rises when price because....
producer close output
of the profit incentive
producers are in a monopoly
consumers are buying less
9
What does the Supply Curve show?
Sensitivity
The relation between Price and Quantity?
the combinations of price and supply producers will make
an inverse relationship
10
An inward shift in supply could be caused by...
More productive workers
Technological advancement
A Natural Disaster
A rise in Income