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This test is run by .
Note that your final mark will not be saved in the system.

Supply GapFill

Target Level

Running Total

Attempt

1 of 3

You must fill all the gaps before clicking ‘Check Answers!’

The law of supply states that as a price of a good equalsdecreasesquantifiesincreases so will supply, ceteris paribus. A shiftdriftmovementconstant shift along the same supply curve is caused by a change in risingotherdecreasingown price. A total driftexpansionmovementshift is caused by other supply determinants. Price elasticity of supplyCross elasticity of supplyPrice elasticity of demandIncome elasticity of supply is the measure of responsiveness or sensitivity of raw materialspricequantitysupply supplied due to changes in own price of the good. Any supply curve that starts from the boilingoriginvertical axishorizontal axis point has an elasticity of supply equal to onemore than onezeroinfinity.

This is your 1^st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark

72%