Supply

Supply

9th Grade

10 Qs

quiz-placeholder

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Supply

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Assessment

Quiz

Other

9th Grade

Medium

Created by

Mai Asi

Used 8+ times

FREE Resource

10 questions

Show all answers

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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