Nearpod Review: Supply

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

• law of supply

• elasticity of supply

• subsidy

• supply curve

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

• supply
• demand
• producer
• consumer

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

What does this curve represent?

• demand
• supply
• equilibrium
• shortage

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

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

• supply schedule

• law of supply

• supply curve

• market supply

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

• taxes

• regulations

• competition

• subsidies

The diagram represents a(n)

• increase in supply (a shift to the right)

• decrease in supply
• change in quantity supplied
• none of the above

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.
• Both Orange and Blue are correct.