Quiz - Supply
Authored by Paul Drohomirecky
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12th Grade
Used 2+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
The promise of increased revenues when prices are high encourages firms to produce ______.
2.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
A _______________ is a chart that lists how much of a good all suppliers will offer at different prices.
3.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
A supply curve always rises ______ to _______.
4.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
If supply is not very responsive to changes in price, it is considered _______.
5.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
An ________ supply is very sensitive to changes in price
6.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
A ________ is a government payment that supports a business or market
7.
MULTIPLE CHOICE QUESTION
5 mins • 5 pts
A ______ cost is a cost that does not change, regardless of how much of a good is produced
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