Unit 4 Review
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium

Ashley Snow
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53 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
As the price of a good or service increases, the supply for that item will also increase and vice-versa.
Law of Supply`
Law of Demand
Law of Economics
Law of Miss. Anderson
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 'law of supply' suggests that
Price and quantity supplied are directly related
Supply will expand until market equilibrium is reached
Movements along the supply curve are caused by a price fall
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines SUPPLY
Buyers/Consumers
Sellers/Producers
Consumers
Us
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The movement from Point A to Point B represents a(n)
Increase in the price.
Decrease in the quantity supplied.
Shift in the supply curve.
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following would NOT shift the supply curve for iphones?
An increase in the price of iphones
A decrease in the number of sellers of iphone
An increase in the price of plastic, an input into the production of iphones
An improvement in the technology used to produce iphones
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of goods available at each price
Quantity supply
Demand
Utility
Equilibrium
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A supply curve slopes:
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