WorksheetsSupply
Total questions: 20
Worksheet time: 7mins
A decrease in the price of a good will
Decrease quantity supplied
Decrease demand
Make me unhappy
Price of Autos increase
increase in supply
increase in quantity supplied
decrease in supply
decrease in quantity supplied
How does taxes affect production or supply?
creates more supply
creates less supply
creates variable supply
does not affect the supply
Costs of producing gasoline has increased due to rising energy costs. What happens to the market for gasoline?
Supply for gasoline will decrease
Supply for gasoline will increase
Supply for gasoline will stay the same
Doesn't everyone drive a Tesla?
A year ago, there were 12 companies that made motorized scooters. But over the past month, 5 of those companies went out of business. What probably happened to the overall supply of motorized scooters?
The supply probably went up.
The supply probably went down.
A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?
The supply will probably go up
The supply will probably go down
In the 1970s, several countries in the Middle East decided to pump less oil from their oil wells. Oil is often made into gasoline. What happened to the world's overall supply of gasoline?
The supply went up
The supply went down
Long ago, all books were copied by hand. Making new copies was a lot of work and took a long time. But the invention of the printing press made copying books faster and easier. What happened to the overall supply of books after the printing press was invented?
The supply went up.
The supply went down
According to a recent newspaper story, more Americans own dogs than ever before. As a result, ten new companies start making and selling dog food. What will probably happen to the overall supply of dog food?
The supply will probably go up.
The supply will probably go down.
If you make 100 copies of an item, but nobody wants to buy it, what will you have to do to the price?
decrease it
increase it
nothing
Watch the Price is Right on TV
shortage
What determines price & quantity produced of goods?
supply
demand
Herbert X. Good
supply & demand
When it is ok to be late to the Economics co-op?
When your parents are late
When the supply of transportation doesn't meet the demand
Tuesday
It's never ok to be late for the Economics co-op
