Title: QUIZ: Supply -- Economic Lowdown Video Series
Course: Andria Testing FRE2 > Section: Supply -- Economic Lowdown Video Series

Q: The Law of Supply states that
- price changes shift the supply curve.
- as price increases, quantity increases.
- as price increases, quantity decreases.
- price changes have no effect on quantity.
A: as price increases, quantity increases.

Q: On a supply graph
- price is on the x-axis, supply is on the y-axis.
- price is on the x-axis, quantity is on the y-axis.
- supply is on the x-axis, price is on the y-axis.
- quantity is on the x-axis, price is on the y-axis.
A: quantity is on the x-axis, price is on the y-axis.

Q: The supply curve slopes upward because
- there is a direct relationship between price and quantity supplied.
- there is an inverse relationship between price and quantity supplied.
- there is no relationship between price and quantity supplied.
- there is a direct relationship between price and supply. 
A: there is a direct relationship between price and quantity supplied.

Q: Sugar is an input used to produce candy bars. If the price of sugar increases
- the supply of candy bars will increase.
- the supply of candy bars will decrease.
- there will be an increase in the demand for candy bars.
- there will be a decrease in the demand for candy bars.
A: the supply of candy bars will decrease.

Q: A new technology that reduces the cost of producing shoes would
- cause movement along the supply curve for shoes.
- cause the supply curve for shoes to shift to the left.
- cause the supply curve for shoes to shift to the right.
- cause the quantity supplied of shoes to decrease. 
A: cause the supply curve for shoes to shift to the right.