wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Supply

Total questions: 20

Worksheet time: 33mins

Name
Class
Date
1.
A decrease in the price of a good will
a)
increase supply.
b)
decrease supply.
c)
increase quantity supplied.
d)
decrease quantity supplied.
2.
Which way does a supply curve slope?
a)
down
b)
up
c)
both
d)
neither
3.
Which graph below shows the SUPPLY CURVE?
a)
A
b)
B
c)
C
d)
D
4.
This part of the market determines SUPPLY
a)
buyers
b)
sellers
c)
consumers
d)
us
5.
The diagram represents a(n)
a)
increase in supply
b)
decrease in supply
c)
change in quantity supplied
d)
none of the above
6.
The Law of Supply states:
a)
as price increases, supply increases
b)
as prices decrease, supply increases
7.

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

8.

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

9.

Movement along a supply curve demonstrates

a)

a change in quantity supplied

b)

a change in quantity demanded

c)

a change in supply

d)

a change in demand

10.

A shift in a supply curve demonstrates

a)

a change in quantity supplied

b)

a change in quantity demanded

c)

a change in supply

d)

a change in demand

11.

Which of these demonstrates an example of a supply curve? (More than one answer)

a)
b)
c)
d)
12.

Which of the following supply curves demonstrates a decrease in the quantity supplied?

a)
b)
c)
d)
13.

A decrease in supply is demonstrated by which of the following?

a)
b)
c)
d)
14.

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

a)
b)
c)
d)
15.

The prices for houses steadily increase, causing more people to want to sell their homes. Which of these demonstrates this concept?

a)
b)
c)
d)
16.
a)

Change in Quantity Supplied

b)

Decrease in Supply

c)

Increase in Supply

d)

Decrease in Supply and Decrease in Demand

17.
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.
18.
What happened to a supply curve when supply goes down?
a)
moves left
b)
moves rights
c)
moves up
d)
moves down
19.
More sellers enter the "Pizza" market. What happens to the total number of pizzas supplied?
a)
they decrease (curve shifts left)
b)
they increase (curve shifts right)
c)
they stay the same (the curve stays)
20.

besides price, supply can shift due to factors that are known as --

a)

price of resources

b)

determinants of supply

c)

demand

d)

competition