What is the primary focus when analyzing changes in the supply curve?

Supply Curve Analysis and Effects

Interactive Video
•
Business, Science, Economics
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determining if the change is due to price or other factors
Assessing the impact on demand
Calculating the new equilibrium price
Identifying changes in consumer preferences
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a record peach harvest affect the supply curve for peach pies?
It causes a decrease in supply
It shifts the supply curve to the right
It has no effect on the supply curve
It shifts the supply curve to the left
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the effect of closing six factories on the supply curve for minivans?
The supply curve shifts to the right
There is no change in the supply curve
The supply curve becomes vertical
The supply curve shifts to the left
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a shoe manufacturer increases the price of all styles, what happens to the supply curve for sneakers?
The supply curve becomes horizontal
The supply curve shifts to the right
There is a movement along the supply curve
The supply curve shifts to the left
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do future expectations of gas prices affect the current supply curve for gas?
There is no change in the supply curve
The supply curve shifts to the left
The supply curve shifts to the right
The supply curve becomes steeper
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of technological advancements on the supply curve for cars?
The supply curve becomes flatter
There is no change in the supply curve
The supply curve shifts to the left
The supply curve shifts to the right
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a new sugar tax affect the supply curve for sugar?
There is no change in the supply curve
The supply curve becomes vertical
The supply curve shifts to the left
The supply curve shifts to the right
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