This document contains all the question with the correct solutions that you will need to complete assignment 5 of semester 2. For further assistance, don't hesitate to contact me.
An upward movement along a supply curve is also called an increase in supply.
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True
False
Unsure
Supply is a flow concept.
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option.
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True
False
Unsure
,A movement from point c to point d could be the result of an increase in the price of
cabbage.
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option.
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True
False
Unsure
An increase in the price of any of the factors of production will result in an upward (or
leftward) shift of the supply curve.
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option.
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choosing this option.
True
False
Unsure
, In their supply decisions, producers take account of the prices of all the alternative
products which they can produce.
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If you are not sure about the answer and do not want to guess, choose the “Unsure”
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True
False
Unsure
A movement from point a to point c could be caused by an increase in the number of
cabbage producers.
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option.
.
True
False
Unsure
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