Hi expert tutors. Thank you for your help in advance.

Answer the following questions with TRUE or FALSE. Explain your answer briefly using 1 or 2 sentences only.

1. A typical supply curve slopes downward from left to right.

2. A greeting card manufacturer gets a special, reduced price on envelopes. This lower cost of production will cause the supply curve to shift to the right.

3. Technological improvements cause a good's supply curve to shift to the left.

4. The law of supply shows how the quantity supplied changes as the price that buyers are willing to pay changes.

5. A leftward shift of the supply curve indicates that a seller is willing to sell less of a god at every possible price.