Reffonomics Video -- Determinants of Supply

After watching the video, scroll down to take the three multiple choice questions.

1. As supply shifts to the right what happens to each of the following -- Quantity demanded (Qd), Price (P), and Quantity (Q)?

A) Qd (up); P (up); Q (down)
B) Qd (up); P (up); Q (up)
C) Qd (up); P (down); Q (up)
D) Qd (down); P (up); Q (up)
E) Qd (down); P (up); Q (down)

2. As input costs go up in the production of steel, what happens to the market for steel?

A) S (increases); P (down); Q (down)
B) S (increases); P (down); Q (up)
C) S (increases); P (up); Q (up)
D) S (decreases); P (up); Q (up)
E) S (decreases); P (up); Q (down)

3. If suppliers expect the price of their product to go up in the future, what do they do to their supply NOW? (Not to their production, but the supply to the consumers.)

A) S (increases); P (down); Q (down)
B) S (increases); P (down); Q (up)
C) S (increases); P (up); Q (up)
D) S (decreases); P (up); Q (up)
E) S (decreases); P (up); Q (down)