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Principles Of Macroeconomics (ECON 1) Docx Copy - Dodge

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De Anza College

Principles of Macroeconomics (ECON 1)

Chapter#3 Interaction of Demand and Supply
Below are both a supply schedule and a supply curve. Which one is best suited to find the quantity supplied at a
price of $4.50? The supply curve.
The difference between a change in supply and a change in the quantity supplied is that the latter is Produced by a
change in the products’s own price while the former is caused by a variety of variables other than the product’s price.
From the list below, select the variable that will cause the supply curve to shift: The cost of raw materials.
Below are four supply curve diagrams, each of which represents a change in supply or a change in quantity



Principles Of Macroeconomics (ECON 1) Docx Copy - Dodge

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