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Choose the best/correct answer.  ___1. The curve of demand points____. A. Vertical                             C. Downward B. Horizontal                        D. Upward   ___2. The curve of supply points_____. A. Vertical                            C. Downward B. Horizontal                       D. Upward       ___3. These are factors affecting the supply to increase and decrease, except one. A. Technology                      C. Producers Tastes B. Producer Preferences     D. Consumer preferences

Choose the best/correct answer.  ___1. The curve of demand points____. A. Vertical                             C. Downward B. Horizontal                        D. Upward   ___2. The curve of supply points_____. A. Vertical                            C. Downward B. Horizontal                       D. Upward       ___3. These are factors affecting the supply to increase and decrease, except one. A. Technology                      C. Producers Tastes B. Producer Preferences     D. Consumer preferences

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Choose the best/correct answer.

 ___1. The curve of demand points____.

A. Vertical                             C. Downward

B. Horizontal                        D. Upward

 

___2. The curve of supply points_____.

A. Vertical                            C. Downward

B. Horizontal                       D. Upward    

 

___3. These are factors affecting the supply to increase and decrease, except one.

A. Technology                      C. Producers Tastes

B. Producer Preferences     D. Consumer preferences

 

 ___4. It is the representation of the law of supply.

  1. Supply Curve                   C. Supply Slope
  2. Demand Curve                D. Demand Slope

 

___5. It is the representation of the law of demand.

  1. Demand Curve               C. Supply Slope
  2. Supply Curve                  D. Demand Slope
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