$4 4 5 5 $3 6 6 8 $2 8 10 10 ____ 13. Based on the table, what is the market demand for burritos at a price of $5? a. 2 c. 6 b. 3 d. 8 ____ 14. Based on the table, at what price would the market demand for burritos be 14? a. $3 c. $5 b. $4 d. $6 ____ 15. According to this supply curve, 400 movie videos will be supplied at what price? a. $10 c. $14 b. $12 d. $16 ____ 16. The movement shown in this graph represents a change in what? a. supply c. supply elasticity b. quantity supplied d. production function ____ 17. What does the movement shown on this graph represent? a. a change in supply b. a change in quantity supplied c. the law of diminishing returns d. a in the market supply curve ____ 18. What does the movement from b to b' on the represent? a. an increase in quantity supplied c. a decrease in supply b. a decrease in quantity supplied d. an increase in supply ____ 19. Study the illustration. At a price of $10, how many more units of the product are supplied on curve S'S' than on curve SS? a. 9 c. 3 b. 6 d. 12 ____ 20. What economic principle does the graph illustrate? a. law of supply b. law of diminishing marginal utility c. law of diminishing returns d. law of demand ____ 21. According to the supply curves, at a price of $25, how many more soccer balls would ABC Corp. supply than would XYZ Corp.? a. 2 more c. 7 more b. 3 more d. 11 more
$4 4 5 5 $3 6 6 8 $2 8 10 10 ____ 13. Based on the table, what is the market demand for burritos at a price of $5? a. 2 c. 6 b. 3 d. 8 ____ 14. Based on the table, at what price would the market demand for burritos be 14? a. $3 c. $5 b. $4 d. $6 ____ 15. According to this supply curve, 400 movie videos will be supplied at what price? a. $10 c. $14 b. $12 d. $16 ____ 16. The movement shown in this graph represents a change in what? a. supply c. supply elasticity b. quantity supplied d. production function ____ 17. What does the movement shown on this graph represent? a. a change in supply b. a change in quantity supplied c. the law of diminishing returns d. a in the market supply curve ____ 18. What does the movement from b to b' on the represent? a. an increase in quantity supplied c. a decrease in supply b. a decrease in quantity supplied d. an increase in supply ____ 19. Study the illustration. At a price of $10, how many more units of the product are supplied on curve S'S' than on curve SS? a. 9 c. 3 b. 6 d. 12 ____ 20. What economic principle does the graph illustrate? a. law of supply b. law of diminishing marginal utility c. law of diminishing returns d. law of demand ____ 21. According to the supply curves, at a price of $25, how many more soccer balls would ABC Corp. supply than would XYZ Corp.? a. 2 more c. 7 more b. 3 more d. 11 more
Econ%20Chapter%204-6%20Graphs%20Questions%20and%20Answers.docx