supply

supply

12th Grade

15 Qs

quiz-placeholder

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12th Grade

15 Qs

supply

supply

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Khassi Kellison

Used 5+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A decrease in the price of a good will

increase supply.
decrease supply.
increase quantity supplied.
decrease quantity supplied.

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Which way does a supply curve slope?

down
up
both
neither

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which graph below shows the SUPPLY CURVE?

A
B
C
D

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The Law of Supply states:

as price increases, supply increases
as prices decrease, supply increases

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

quantity supplied

quantity demanded

supply

demand

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Movement along a supply curve demonstrates

a change in quantity supplied

a change in quantity demanded

a change in supply

a change in demand

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A shift in a supply curve demonstrates

a change in quantity supplied

a change in quantity demanded

a change in supply

a change in demand

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