Supply Terms

Quiz
•
Social Studies
•
10th Grade
•
Medium
Michael Deaton
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a government paying for a portion of production costs
Subsidy
Taxes
Debt
Profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When goods and services are more expensive because the government takes a portion of each sale
Subsidy
Taxes
Profit
Payment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a change in price, a ______ occurs.
shift
movement along the curve
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When supply changes at every price level, a ______ occurs.
shift in supply
a movement along the curve
birthday party
Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is an increase in supply due to a larger number of sellers, the supply curve will shift to the
right
left
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When there is a decrease in supply, due to an expectation that more profit will be made in 2 weeks, the supply curve shifts to the
right
left
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will happen to supply for pop-tarts: "Pop-tarts prices sky rocket!"
Shift left
Shift right
No shift, just a movement along the curve
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