CHAPTER # 6 QUIZ - SUPPLY

IN THIS CHAPTER WE THINK LIKE PRODUCERS AND MANAGERS OF BUSINESSES . HERE WE STUDY WHAT EFFECTS THE SUPPLY OF GOODS AND SERVICES TO MARKETS .

THE LAW OF SUPPLY , SUPPLY ELASTICITY , PROFITS - GROSS AND NET , THINGS THAT WILL CAUSE SUPPLY CURVE SHIFTS - VARIABLE COSTS / SUBSIDIES / TARIFFS / EXCISE TAXES / REGULATION , SUPPLY CURVE CHARACTERISTICS , AND THE CONCEPT OF MARKET EQUILIBRIUM