Question
Question 1
Question 2
Question 3
Question 4
Question 5
A) Which of the following is a determinant of supply? (1 point)
the price of a substitute in production
consumer expectations
the price of a substitute in consumption
the price of a complement in consumption
A) Which of the following events would shift a supply curve to the left? (1 point)
The number of sellers in the market increases.
Local government increases the taxes that are levied on firms.
The prices of many inputs are dramatically reduced.
The price of the good that the firms produce is expected to fall in the near future.
A) A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by _____. (1 point)
a shift of the supply curve for apple juice to the right
a shift of the supply curve for apple juice to the left
an upward movement along the supply curve for apple juice
a downward movement along the supply curve for apple juice
A) The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated effect of the subsidy on the supply of private education? (1 point)
At any given price, the quantity supplied of private education will increase.
The demand for private education will increase.
The supply of private education will decrease.
At any given price, the quantity supplied of private education will decrease.
A) The welding workforce (supply) is expected to grow due to a state program that has increased the access of the vocational education programs necessary to become proficient in the profession. Unfortunately, the price of tools to be a welder have gone up. What impact will this development
have on the supply of welders? (1 point)
The supply of welding will increase.
It is impossible to tell.
The supply of welding will decrease.
The supply of welding will be unaffected
Question 2
Question 3
Question 4
Question 5
A) Which of the following is a determinant of supply? (1 point)
the price of a substitute in production
consumer expectations
the price of a substitute in consumption
the price of a complement in consumption
A) Which of the following events would shift a supply curve to the left? (1 point)
The number of sellers in the market increases.
Local government increases the taxes that are levied on firms.
The prices of many inputs are dramatically reduced.
The price of the good that the firms produce is expected to fall in the near future.
A) A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by _____. (1 point)
a shift of the supply curve for apple juice to the right
a shift of the supply curve for apple juice to the left
an upward movement along the supply curve for apple juice
a downward movement along the supply curve for apple juice
A) The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated effect of the subsidy on the supply of private education? (1 point)
At any given price, the quantity supplied of private education will increase.
The demand for private education will increase.
The supply of private education will decrease.
At any given price, the quantity supplied of private education will decrease.
A) The welding workforce (supply) is expected to grow due to a state program that has increased the access of the vocational education programs necessary to become proficient in the profession. Unfortunately, the price of tools to be a welder have gone up. What impact will this development
have on the supply of welders? (1 point)
The supply of welding will increase.
It is impossible to tell.
The supply of welding will decrease.
The supply of welding will be unaffected
Answers
GPT-4o mini
Here are the answers to the questions provided:
1. **Which of the following is a determinant of supply?**
- **Answer:** the price of a substitute in production
2. **Which of the following events would shift a supply curve to the left?**
- **Answer:** Local government increases the taxes that are levied on firms.
3. **A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by _____.**
- **Answer:** a shift of the supply curve for apple juice to the left
4. **The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated effect of the subsidy on the supply of private education?**
- **Answer:** At any given price, the quantity supplied of private education will increase.
5. **What impact will the development have on the supply of welders?**
- **Answer:** It is impossible to tell.
If you have further questions or need clarification on any of these answers, feel free to ask!
1. **Which of the following is a determinant of supply?**
- **Answer:** the price of a substitute in production
2. **Which of the following events would shift a supply curve to the left?**
- **Answer:** Local government increases the taxes that are levied on firms.
3. **A business produces apple juice and orange juice. The price of orange juice has increased from $2.00 to $2.50. This can be modeled by _____.**
- **Answer:** a shift of the supply curve for apple juice to the left
4. **The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated effect of the subsidy on the supply of private education?**
- **Answer:** At any given price, the quantity supplied of private education will increase.
5. **What impact will the development have on the supply of welders?**
- **Answer:** It is impossible to tell.
If you have further questions or need clarification on any of these answers, feel free to ask!