1. When price increases __________________ increases.

2.When price increases __________________decreases.

3. The height of the supply curve represents the ____________________ for each quantity.

4. The height of the demand curve represents the __________________ for each quantity.

5. What must be given up to produce one additional unit is called the.....

Options:

• supply
• marginal value
• total cost
• quantity supplied
• quantity demanded
• marginal cost
• demand
• total value