Economics: Supply

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1. It can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph. Whay is it?
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Economics: Supply - Quiz

This short quiz serves as a test if you really understand the topic cause the answers in each question will be found in this chapter.

2.
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2.    A sudden surprise event that increases or decreases output temporarily.

                When output is increased (decreased), the price of the good decreases (increases) due to a shift in the supply curve to the right (left). The above diagram demonstrates an increase in price due to a decrease in the supply of a good relative to demand.
Examples of ______________ include unusually bad (good) weather which reduces (increases) the supply of a commodity such as wheat.
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3. This include every company that comes into contact with a particular product. For example, the __________ for most products will encompass all the companies manufacturing parts for the product, assembling it, delivering it and selling it.
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4. The deliverable commodities in licensed warehouses and approved delivery facilities.  The ________________ of commodities generally includes afloat and insight commodities within production areas. This supply is important as it identifies a definite quantity of commodities available for purchase or delivery upon futures contracts.
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5.   This is the total supply of goods and services produced within an economy at a given overall price level in a given time period.
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It can relate to the amount available at a specific price or the...
   A sudden surprise event that increases or decreases...
This include every company that comes into contact with a particular...
The deliverable commodities in licensed warehouses and approved...
  This is the total supply of goods and services produced...
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