Economics Chapter 5
Quiz
•
Business
•
10th Grade
•
Practice Problem
•
Hard
Katrina Schaefer
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29 questions
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1.
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1 min • 1 pt
This is the change in the amount offered for sale in response to a change in price.
2.
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1 min • 1 pt
This is a government payment to an individual, business, or other group to encourage or protect a certain type of economic activity.
3.
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1 min • 1 pt
This is A graph showing the various quantities supplied at each and every price that might prevail in the market.
4.
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1 min • 1 pt
This is the amount that producers bring to market at any given price.
5.
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1 min • 1 pt
This is a measure of the way in which quantity supplied responds to a change in price.
6.
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1 min • 1 pt
The total output produced by the firm.
7.
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1 min • 1 pt
This states that, in the short run, output will change as one input is varied while the others are held constant.
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