2ndQT Review_SUPPLY_Social Studies 9

2ndQT Review_SUPPLY_Social Studies 9

9th Grade

18 Qs

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2ndQT Review_SUPPLY_Social Studies 9

2ndQT Review_SUPPLY_Social Studies 9

Assessment

Quiz

Social Studies

9th Grade

Medium

Created by

Aiza Gonzales

Used 30+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

The change in the supply curves shown from one point to another is caused by price increase. The curve is known as____.

shift on supply

movement along the curve

changes in supply

shift of supply curve to the right

2.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

The movement along the supply curve shows the changes in supply caused by one factor of demand while other things remain constant. Which factor affects the supply?

cost

price

subsidy

technology

3.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

Which of the following describes the supply function?

69-2P

-26+2P

-21-3P

0-10P

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Our country is often hit by strong typhoons, causing damage to agricultural products. What will be its effect to the supply of agricultural products?

supply will increase

supply will decrease

supply will be delayed

supply will not be affected

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

There are many suppliers and combined products are being sold in the market. This is called ______.

supply schedule

supply

market supply

aggregate supply

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Supply and price are positively related. As price increases, supply increases and if the price decreases, supply also decreases while other things remain constant. This is stated in the ___________________.

Law of Demand

Law of Consumption

Law of Supply

Law of Diminishing Returns

7.

MULTIPLE SELECT QUESTION

2 mins • 1 pt

What are the factors that can affect the supply of a product?

Factors that can affect the supply of a product include changes in production costs, technology, government policies, and natural disasters.

Consumer preferences

Weather patterns

Currency exchange rates

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