Chapter 5 Quiz Economics

Chapter 5 Quiz Economics

10th - 12th Grade

•

30 Qs

quiz-placeholder

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Chapter 5 Quiz Economics

Chapter 5 Quiz Economics

Assessment

Quiz

•

Social Studies

•

10th - 12th Grade

•

Hard

Created by

Marisa Volo

Used 2+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount of a product offered for sale at all possible prices that could prevail in the market

Supply

Total product

Demand

Revenue

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Amount producers bring to the market at any given price

Quantity supplied

Supply elasticity

Subsidy

Quantity demanded

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A graph showing the various quantities supplied at each and every price that could prevail in the market

Supply curve

Supply schedule

Quantity supplied

Supply elasticity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Measure of the way in which quantity supplied responds to a change in price

Supply elasticity

Marginal cost

Total product

Supply curve

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government payment to an individual, business, or other group to encourage or protect a certain type of economic activity

Subsidy

Tax

Supply

E-Commerce

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Law of Supply states...

The quantity supplied varies inversely with its price

The quantity supplied varies irregularly with its price

The quantity demanded varies inversely with its price

The quantity supplied varies directly with its price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following an cause an increase in supply?

A decrease in productivity

A decrease in the cost of inputs

An increase in taxes

Fewer sellers in the marketplace

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