Question :
101.One reason the supply of cell phones has increased is:
A. cell : 1379000
101.One reason the supply of cell phones has increased is:
A. cell towers are more common.
B. better technology allows them to be produced more cheaply.
C. consumer preferences for cell phones has increased.
D. expectations of the future are that no landlines will exist soon.
102.A factory recently adds new robots to their production line, increasing productivity. This will likely cause:
A. a rightward shift of the supply curve.
B. a leftward shift of the supply curve.
C. a shift straight up of the supply curve.
D. a movement up along the supply curve.
103.The advancement of computers has increased the productivity of a paper mill. How will this likely affect the supply of paper?
A. It will cause a rightward shift in the supply of paper.
B. It will cause a leftward shift in the supply of paper.
C. It will cause a shift straight up in the supply of paper.
D. It will cause no shift, but a movement up and to the right along the supply curve.
104.A recent epidemic of mad cow disease caused the government to mandate that thousands of cows be completely destroyed. This will likely cause:
A. the demand for leather shoes to increase.
B. the supply of leather shoes to decrease.
C. the demand and the supply of leather shoes to increase.
D. It will not affect the market for leather shoes.
105.The price of chocolate chips has increased. For the producers of chocolate chip cookies, this means:
A. they can supply more at each price because some of the competition will drop out.
B. they can supply less at each price because the price of a main input has gone up.
C. they can supply more at each price because the price of a main input has gone up.
D. None of these statements is true.
106.A drought causes most fruit crops to fail, decreasing the amount of available fruit. The fruitcake market would see:
A. an increase in the supply of fruitcake.
B. a decrease in the supply of fruitcake.
C. no change in the supply of fruitcake, but the demand would increase.
D. no change in the supply of fruitcake, but the demand would decrease.
107.A paper mill discovers that burning old tires is a far cheaper way to get power than using coal, and they quickly adopt the new technology. We can assume which of the following will happen in the market for paper?
A. The demand for paper will increase.
B. The supply of paper will increase.
C. The demand for paper will decrease.
D. The supply for paper will decrease.
108.There was a bumper crop of blueberries last year due to the increased rainfall. This plentiful supply of blueberries caused their price to drop. Bakeries regularly produce and sell blueberry pie. Considering the market for blueberry pies, what factor of supply has been affected, and what was the overall effect on the supply?
A. The price of an input has been affected; supply will increase.
B. The price of an input has been affected; supply will decrease.
C. The new technology has been affected; supply will increase.
D. The number of sellers has been affected; supply will increase.
109.Which factor of supply would the introduction of e-mail into places of businesses be?
A. Technology
B. Price of input
C. Number of sellers
D. Expectation of the future
110.Irregular weather patterns caused very poor yields for orange farmers. Which factor of supply would this change in the market for orange juice?
A. Technology
B. Price of input
C. Number of sellers
D. Price of related good
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