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Supply Quiz - Printable Social Studies Worksheets - Wayground

Supply Quiz

16 questions

12th - 12th Grade

Social Studies

Supply Quiz is a Grade 12 social studies worksheet that builds understanding of how producers respond to market conditions. Across 16 multiple-choice questions, students identify the law of supply, define supply and profit, recognize the direct relationship between price and quantity supplied, and distinguish supply from quantity supplied. Students also interpret supply-curve diagrams and apply supply determinants to scenarios involving crop damage, production costs, taxes, subsidies, technology, the number of suppliers, and substitute goods. This free printable worksheet with an answer key is useful for introducing or reviewing supply concepts, checking graph-reading skills, and assessing whether students can predict when supply increases, decreases, or changes through movement along the curve.

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Supply Quiz

Total questions: 16

Name
Class
Date
1.

When producers offer more of a good as its price increases and less as its price falls, this defines the

a)

law of demand

b)

law of supply

c)

change in demand

d)

change in supply

2.

The willingness and ability of a producer to make a product is referred to as

a)

quantity supplied

b)

quantity demanded

c)

supply

d)

demand

3.

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

a)
b)
c)
d)
4.
Which way does a supply curve slope?
a)
down
b)
up
c)
both
d)
neither
5.
This part of the market determines SUPPLY
a)
buyers
b)

producers

c)
consumers
d)
us
6.

Which of the following leads to an increase in supply?

a)

Gallery Furniture will raise prices on all wood furniture

b)

six new companies begin producing smart phones

c)

price of a complementary good goes down

d)

increased cyclical employment

7.

If I make Jordans for $50 and sell them for $100. I will make $50. This is an example of...

a)

quantity supplied

b)

demand

c)

supply

d)

profit

8.

When the gov't pays money to businesses, usually to encourage them to produce a certain product..

a)

taxes

b)

regulations

c)

competition

d)

subsidies

9.

The cost of production includes the price of resources. If resources become more expensive, what will happen to supply levels?

a)

increase

b)

decrease

c)

remain the same

d)

come to a complete stop

10.
The diagram represents a(n)
a)
increase in supply
b)
decrease in supply
c)
change in quantity supplied
d)
none of the above
11.
The movement from Point A to Point B represents a(n)
a)
increase in the price.
b)
decrease in the quantity supplied.
c)
shift in the supply curve.
d)
Both Orange and Blue are correct.
12.

According to the law of supply, the relationship between price and quantity supplied is:

a)

Direct

b)

Inverse

c)

Not correlated

13.

What happens to the supply of a product when the government imposes a new tax on its production?

a)

Supply increases

b)

Supply decreases

c)

Supply remains unchanged

d)

Supply becomes infinite

14.

Which of the following factors can cause a shift in the supply curve to the right?

a)

An increase in production costs

b)

A technological advancement

c)

A decrease in the number of suppliers

d)

An increase in taxes

15.

If the price of a substitute good decreases, what is likely to happen to the supply of the original good?

a)

Supply increases

b)

Supply decreases

c)

Supply remains the same

d)

Supply becomes zero

16.

What is the effect on supply when the cost of raw materials decreases?

a)

Supply increases

b)

Supply decreases

c)

Supply remains unchanged

d)

Supply becomes zero

Answer Key

Supply Quiz

Total questions: 16

1.
b)

law of supply

2.
c)

supply

3.
d)
4.
b) up
5.
b)

producers

6.
b)

six new companies begin producing smart phones

7.
d)

profit

8.
d)

subsidies

9.
b)

decrease

10.
a) increase in supply
11.
b) decrease in the quantity supplied.
12.
a)

Direct

13.
b)

Supply decreases

14.
b)

A technological advancement

15.
b)

Supply decreases

16.
a)

Supply increases

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FAQs

What does this Supply Quiz help Grade 12 students learn?

This 16-question multiple-choice worksheet assesses students’ understanding of the law of supply and the difference between supply, quantity supplied, and profit. Students also interpret supply-curve diagrams and predict how taxes, production costs, technology, subsidies, supplier numbers, crop damage, and substitute-good prices affect supply.

How can I use this worksheet to teach supply and supply-curve changes?

Introduce the vocabulary of supply, quantity supplied, and the law of supply before assigning the questions. As students work through the scenarios and diagrams, ask them to explain whether a change moves along the existing supply curve or shifts the curve, then connect their reasoning to factors such as production costs, taxes, technology, and the number of producers.

What mistakes should I watch for on this supply worksheet?

Students may confuse supply with quantity supplied, or mistake a change in price for a shift in the entire supply curve. Watch for reversed effects when production costs or taxes rise, incorrect interpretations of the diagram showing movement between points, and confusion between an increase in supply and an increase in quantity supplied.

How do I assign and grade this Supply Quiz?

The worksheet is available as a printable PDF and as a digital quiz on Wayground, and it includes a complete answer key for all 16 multiple-choice questions. You can grade printable submissions by scanning student work with the Wayground for Teachers app, while the digital version supports online completion and grading.

How can I differentiate this supply worksheet for my students?

In the worksheet’s Advanced Settings, adjust font spacing or choose a larger font size to make the multiple-choice questions and supply-curve diagrams easier to read. You can also enable a dyslexia-friendly font or translate the worksheet into another language when those options better support access to the supply vocabulary and scenarios.

Where can I find more worksheets like this on Wayground?

Wayground offers a comprehensive collection of free printable worksheets and practice problems across subjects, with downloadable PDFs and answer keys to help students master essential skills and concepts. Browse more resources at https://wayground.com/en-us/worksheets.

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