Supply
Quiz
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Other
•
9th Grade
•
Practice Problem
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Medium
Mai Asi
Used 8+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
_______________ is the willingness and ability to sell a product.
Demand
Supply
Productivity
Output
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the relationship between supply and price?
Inversely related
Directly related
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in quantity supplied caused by a rise in price of the product itself.
Shifting of supply
Contraction of supply
Extension of supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A fall in quantity supplied caused by a fall in price of the product
Extension of supply
Contraction of supply
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A rise in productivity of the factor of production will ___________ the unit costs of the product.
increase
decrease
stay the same
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in the wage paid to workers will cause ______________ in supply.
Increase
Decrease
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rise in price of raw materials will cause a/an _________ in supply
Increase
Decrease
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