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.
Student answers to Bridges can be quickly assessed.
NextWhen pasting the graph into PowerPoint, make sure to Paste as Picture
(or Paste Special > Bitmap for older versions of PPT).
Survey Question
2) Please explain your rationale for your answer to the previous question.
Instructors can sort through student data for both multiple choice and rationales.
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