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TRUE/FALSE 9. True 10. False 11. True 12. False 13. False 14. True 15. False 16. False

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TRUE/FALSE 9. True 10. False 11. True 12. False 13. False 14. True 15. False 16. False

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  1. Supply Review Answers10. price, supply, quantity supplied11. supply curve, price, quantity supplied12. law of supply, more, supply curve13. price, 4 determinants of supply (technology, price of inputs, taxes, number of firms)14. technology, supply curve15. costly, less, left, taxes or regulations16. less, left, supply curve17. equilibrium, consumers, producers, sell18. price, equilibrium price, quantity supplied, quantity demanded19. equilibrium, supplied, demanded, shortage, increase20. price ceilings, price floors, shortages

  2. TRUE/FALSE 9. True 10. False 11. True 12. False 13. False 14. True 15. False 16. False

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