SUPPLY!!!

SUPPLY!!!

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Easy

Created by

Wayground Content

Used 1+ times

FREE Resource

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13 questions

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1.

FLASHCARD QUESTION

Front

the main factor that causes a change in supply

Back

price

2.

FLASHCARD QUESTION

Front

besides price, supply can shift due to factors that are known as --

Media Image

Back

determinants of supply

3.

FLASHCARD QUESTION

Front

When prices rise, supply levels will also increase. If prices drop, supply will also fall.

Back

law of supply

4.

FLASHCARD QUESTION

Front

When the gov't pays money to businesses, usually to encourage them to produce a certain product..

Back

subsidies

5.

FLASHCARD QUESTION

Front

Businesses pay the gov't, which helps pay for gov't services- but can lead to higher prices for their products

Back

taxes

6.

FLASHCARD QUESTION

Front

If new technology leads to faster and more efficient production, then ___

Back

supply would increase and the supply curve would shift right

7.

FLASHCARD QUESTION

Front

If determinants of supply lead to an increased level of production, the supply curve will shift

Back

to the right

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