Supply and Demand Curves

Supply and Demand Curves

12th Grade

20 Qs

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Supply and Demand Curves

Supply and Demand Curves

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

J M

Used 95+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

The amount of stuff that is produced by firms and offered for sale.

Supply

Demand

Equalibrium

Disequalibrium

2.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

The person or business that provides a good or service.

Supplier

Consumer

3.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

High prices give businesses an incentive to produce. Low prices give producers a reason to reduce production.

Law of Supply

Equilibrium

Disequalibrium

Supply Curve

4.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

A supply schedule is ...

a graph that shows how much of a product a business will supply at different prices.

a table that lists how much of a product will be supplied at different prices.

5.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

_______ can improve the ability to produce and supply.

Ex. Drone delivery for Amazon

Technology

Regulation

Number of Sellers

Supply Shock

Education

6.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

Government increases rules which reduces supply.

Technology

Regulation

Number of Sellers

Supply Shock

Education

7.

MULTIPLE CHOICE QUESTION

2 mins • 2 pts

If suppliers believe a market will be strong they will make more products.

ex: smartphones and virtual reality.

Technology

Change in Producer Expectations

Number of Sellers

Supply Shock

Education

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