Supply Curve Quiz

The relationship between product quality and consumer preferences

The relationship between product price and quantity of product supplied (correct)

The relationship between production cost and product price

The relationship between product price and demand for the product

The amount of a product that consumers are willing to buy at various given prices

The amount of a product per unit of time that producers are willing to sell at various given prices (correct)

The amount of a product that producers are willing to buy at various given prices

The amount of a product that is available in the market

As the price of a good or service increases, the quantity of goods or services that suppliers offer will increase (correct)

As the price of a good or service increases, the quantity of goods or services that suppliers offer will decrease

As the price of a good or service decreases, the quantity of goods or services that suppliers offer will increase

As the price of a good or service decreases, the quantity of goods or services that suppliers offer will decrease

<p>The amount of time per week, month, or year that individuals are willing to spend working, as a function of the wage rate</p> Signup and view all the answers

<p>As the price of a product increases, the quantity of product supplied increases</p> Signup and view all the answers