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Nearpod Review: Supply

Authored by Jesus Reyna

Social Studies

12th Grade

Used 3+ times

Nearpod Review: Supply
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9 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

the tendency of suppliers to offer more of a good at a higher price

law of supply

elasticity of supply

subsidy

supply curve

2.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

The amount of goods or services available for a producer to sell is called?

supply
demand
producer
consumer

3.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

For the law of supply, as price rises, what happens to quantity supplied?

it goes up
it goes down
it stays the same
it is not effected

4.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Media Image

What does this curve represent?

demand
supply
equilibrium
shortage

5.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

A ____ is a graph showing the quantities supplied at each possible price.

supply schedule

law of supply

supply curve

market supply

7.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

When the gov't pays money to businesses, usually to encourage them to produce a certain product..

taxes

regulations

competition

subsidies

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