Question 1
The term "supply" in a particular market refers to
◦ the particular quantity supplied at the moment.
◦ the entire relationship between quantity supplied and price.
◦ only one point on the supply curve.
◦ only one entry in a supply schedule.
◦ the quantity actually sold to consumers.
Question 2
A fall in the price of raw milk (which is used in the production of ice cream) will
◦ increase the supply of ice cream, causing the supply curve to shift to the left.
◦ decrease the supply of ice cream, causing the supply curve to shift to the right.
◦ increase the supply of ice cream, causing the supply curve of ice cream to shift to the right.
◦ decrease the supply of ice cream, causing the supply curve of ice cream to shift to the left.
◦ have no effect on the supply curve of ice cream but cause a downward movement along the supply curve of ice cream.
El Niño and areas of high marine primary production around the Galapagos Islands. Noti
Production of Saliva
Fossil fuels production
British Iron Production, 1600–1870
Role of Factors of Production in Determining Growth, 1975–2009
The Production Function