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Determinants of Supply Quick Quiz

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Determinants of Supply Quick Quiz

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Test your understanding of what shifts supply.

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Montex
Montex
Canada

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Determinants of Supply Quick Quiz
 

Determinants of Supply Quick QuizOnline version

Test your understanding of what shifts supply.

by Montex
1

Improvements in technology enable firms to produce more with fewer resources and increase supply.

2

Prices of other goods increasing causes more supply of the current good.

3

Taxes increase supply.

4

Higher factor prices raise production costs and reduce supply.

5

The number of sellers influences the market supply; more sellers increase supply.

6

Taxes lead to a fall in supply.

7

Technology has no effect on supply.

8

Weather affects agricultural supply, and good weather can increase supply.

9

The number of sellers has no effect on supply.

10

Supply curves never shift; they only move along.

 
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