Fill in the blanks to make the statements correct, and answer any questions below. a. The term quantity supplied refers to_____sales by producers, whereas quantity exchanged refers to sales by producers. b. Quantity supplied refers to the quantity of widgets supplied_____."The quantity supplied of widgets is 1000 units" is not meaningful unless we know the_____over which the 1000 units are supplied. Quantity supplied is a(n)_____
c. A supply curve represents the relationship between____and____. ceteris paribus. The positive slope indicates that when the price increases, quantity supplied_____
d. Identify six important causes of shifts in the supply curve. (Select all that apply.) A. Government Taxes or Subsidies B. Price of Inputs C. Number of Suppliers D. Consumers' Tastes E. Population F. Prices of Other Products G. Technology H. Significant Changes in Weather

Q&A Education