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Supply Terms

Authored by Michael Deaton

Social Studies

10th Grade

Used 5+ times

Supply Terms
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10 questions

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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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