Supply

Supply

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Easy

Created by

Jennifer McCall

Used 1+ times

FREE Resource

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25 questions

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1.

FLASHCARD QUESTION

Front

The willingness and ability of a producer to make a product is referred to as

Back

supply

2.

FLASHCARD QUESTION

Front

Movement along a supply curve demonstrates

Back

a change in quantity supplied

3.

FLASHCARD QUESTION

Front

A shift in a supply curve left or right demonstrates

Back

a change in supply

4.

FLASHCARD QUESTION

Front

Which way does a supply curve slope?

Back

up

5.

FLASHCARD QUESTION

Front

As opposed to movement along the supply curve, a change (shift) in the entire supply curve is a result of ____.

Back

a change in something other than price

6.

FLASHCARD QUESTION

Front

What effect do excise taxes on production usually have on the supply curve?

Back

decreases supply, supply curve shifts left

7.

FLASHCARD QUESTION

Front

Which of these do the producers of an item hope to achieve when adopting new technology?

Back

a shift of the supply curve for that item to the right

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