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FlipIt Econ
DEMO with data | Microeconomics Macmillan Learning
Unit 7: Prelecture / Bridge / Problems /

Bridge: Supply

The Supply Curve

1) The supply curve is upward sloping because at higher prices ________

a) Customers are willing to pay more for the good.

b) Firms perceive that the marginal cost of producing the good has increased.

c) Firms perceive that the marginal benefit of producing the good has increased.

d) Customers switch to substitute goods.

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Right Answer:

C
1

Student answers to Bridges can be quickly assessed.

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Feedback: Right answer !

Wrong Answer:

A

Feedback: Wrong answer !

Wrong Answer:

D

Feedback: Wrong answer !

Wrong Answer:

B

Feedback: Wrong answer !

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2) Please explain your rationale for your answer to the previous question.

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Answers
2

Instructors can sort through student data for both multiple choice and rationales.

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Bridge

The Supply Curve

Bridge

Shifts in Supply

Bridge

Change in Supply

Bridge

Lecture Thoughts

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