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Supply

Authored by Scott Johnson

Social Studies

10th Grade

Used 754+ times

Supply
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When producers offer more of a good as its price increases and less as its price falls, this defines the

law of demand

law of supply

change in demand

change in supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

quantity supplied

quantity demanded

supply

demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 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

4.

MULTIPLE CHOICE QUESTION

30 sec • 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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following supply curves demonstrates a decrease in the quantity supplied?

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6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in supply is demonstrated by which of the following?

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Media Image

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

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Media Image
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Media Image

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