Supply and Demand Curves

Supply and Demand Curves

Assessment

Flashcard

Social Studies

12th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Student preview

quiz-placeholder

20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

The amount of stuff that is produced by firms and offered for sale.

Back

Supply

2.

FLASHCARD QUESTION

Front

The person or business that provides a good or service.

Back

Supplier

3.

FLASHCARD QUESTION

Front

High prices give businesses an incentive to produce. Low prices give producers a reason to reduce production.

Back

Law of Supply

4.

FLASHCARD QUESTION

Front

A supply schedule is ...

Back

a table that lists how much of a product will be supplied at different prices.

5.

FLASHCARD QUESTION

Front

_______ can improve the ability to produce and supply. Ex. Drone delivery for Amazon

Back

Technology

6.

FLASHCARD QUESTION

Front

Government increases rules which reduces supply. Options: Technology, Regulation, Number of Sellers, Supply Shock, Education

Back

Regulation

7.

FLASHCARD QUESTION

Front

If suppliers believe a market will be strong they will make more products. ex: smartphones and virtual reality.

Back

Change in Producer Expectations

Create a free account and access millions of resources

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?