Supply
Quiz
•
Business
•
9th Grade
•
Medium
Vinodkumar KJ
Used 42+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The willingness and ability of a producer to make a product is referred to as
quantity supplied
quantity demanded
supply
demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following leads to an increase in supply?
Gallery Furniture will raise prices on all wood furniture
six new companies begin producing smart phones
price of a complementary good goes down
increased cyclical employment
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If I make Jordans for $50 and sell them for $100. I will make $50. This is an example of...
quantity supplied
demand
supply
profit
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