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SECTION# NAME_ PRINT LAST NAME, FIRST NAME The law of supply states that: The law and quality supplied are un NAME . price an
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Answer #1

1 - Option B

Price and the supply are directy related , ceterus palibus

They are not inversely related. As the price rises , supply also rises and vice a versa.

2 - Option B

A ,C

Movement to A is because of price changes , shift to C is because of other than price factors.

The other options do not satisfy the given condition.

3 - Option C

B to Point A

The price decrease in the commodity will cause the downward movement along the supply curve. Hence the supply will move from point B to A.

4 - Option D

Shift from S1 to S0

Decrease in cost of growing onions is the decrease in the other than price factor. Hence it will cause a leftward shift.

It will not cause movement , hence other options are wrong.

5 - Option A

A decrease in supply of calculators.

Due to the sellers decreasing in the market , there will be lesser supply.

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