Supply Review
Authored by Westney Allen
Social Studies
12th Grade
Used 28+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The amount of a product available at all possible prices is called
Quantity supplied
Supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The price of coffee beans has recently increased. As a result, what will happen to the supply of iced Frappuccinos at Starbucks?
Increase
Decrease
3.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
What is being illustrated in the image?
Decrease in supply
Increase in supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The Law of Supply states that when the price of a good INCREASES, quantity supplied (Qs)...
Increases
Decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
Which of the following is NOT one of the determinants of supply?
Change in number of sellers
Change in tastes and preferences
Change in the cost of inputs
Education
6.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The amount of a product available at a SPECIFIC price is called
Quantity supplied
Supply
7.
MULTIPLE CHOICE QUESTION
30 sec • 10 pts
The letters A, B, C, and D in the image represent
Supply
Quantity supplied
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