Suppose you are a producer of friendship bracelets. How would the following events affect your/the market's willingness and ability supply friendships bracelets? Match the event on the left to the proper determinant on the right.

Answer 1

____ Many more students decide to sell friendship bracelets

_____ The cost of labor to produce bracelets decreases

_____ The price of friendship bracelets decreases.

______ You improve the education of your workers and they make more bracelets in the same time as before.

______ The school requires you to put a warning label on each bracelet.

A. This is a change in costs due to gov intervention

B. This is a change in cost of input.

C. This does not affect supply.

D. This is a change in the number of suppliers.

E. This is a change in the quality of inputs.

Answer 2

a
c
b
d
e

Answer 3

d
a
b
c
e

Answer 4

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