What does supply mean?, Market price, Tax revenue, Goods offered, Buyer demand, If a new phone is released, what happens to supply?, It becomes free, It stays the same, It usually decreases, It usually increases, What is a 'supplier' in the business world?, A provider of goods, A company's main competitor, A person who advertises, Someone who buys products, Which factor can increase the supply of strawberries?, A popular new recipe, New farming technology, Bad rainy weather, A big strawberry festival, What is the Law of Supply?, Price doesn't affect supply, Lower price, higher supply, Higher price, lower supply, Higher price, higher supply, What can shift supply?, Input costs, Store color, Buyer age, Brand logo, Lower input costs cause?, Supply decrease, Demand decrease, Supply increase, Demand increase, A company finds a cheaper way to make toys. What happens?, The demand lowers, The demand raises, The supply lowers, The supply raises, Which of these are related to managing supply?, Finding good suppliers, Writing funny commercials, Inventory management, Designing a cool logo, A 'surplus' happens when supply is what?, Equal to demand, Zero, Greater than demand, Less than demand, What is it called when supply perfectly meets the demand?, Market surplus, Market equilibrium, Market shortage, Market competition, Why would a business want to increase its supply?, To close the store, To sell less stuff, To run out of products, To meet high demand, What might cause a 'shortage' of concert tickets?, The band is not very popular, The venue is small, The tickets are free, Nobody likes the band, A government subsidy to farmers will likely do what?, Stop farming completely, Make food taste bad, Increase the food supply, Decrease the food supply, How does technology often affect the supply of goods?, It usually increases supply, It usually decreases supply, It has no effect, It makes things harder

SUPPLY BASICS

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