Ch. 5- Supply

Ch. 5- Supply

12th Grade

25 Qs

quiz-placeholder

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Ch. 5- Supply

Ch. 5- Supply

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Robert Owen

Used 53+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

willingness and ability of producers to offer goods and services for sale.

producers

markets

supply

demand

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

states that when prices decrease, quantity supplied decreases, and when prices increase, quantity supplied increases.

Law of Demand

Law of Supply

Law of Producers

Law of Services

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

lists how much of a good or service an individual producer is willing and able to offer for sale at each price.

supply schedule

market supply schedule

supply curve

PPC (Productions Possibilities Curve)

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

lists how much of a good or service all producers in a market are willing and able to offer for sale at each price.

supply schedule

supply curve

law of supply

market supply schedule

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

shows the data from a supply schedule in graph form

market supply curve

supply curve

marginal product

supply schedule

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

shows the data from the market supply schedule in graph form

market supply curve

marginal product

supply curve

Supply/Demand schedule

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the change in total output brought about by adding one more worker

marginal product

market supply curve

supply curve

market supply schedule

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