Supply Flashcard

Supply Flashcard

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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16 questions

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1.

FLASHCARD QUESTION

Front

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

Back

law of supply

2.

FLASHCARD QUESTION

Front

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

Back

supply

3.

FLASHCARD QUESTION

Front

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

Back

Media Image

4.

FLASHCARD QUESTION

Front

Which way does a supply curve slope?

Back

up

5.

FLASHCARD QUESTION

Front

This part of the market determines SUPPLY

Back

producers

6.

FLASHCARD QUESTION

Front

Which of the following leads to an increase in supply?
- Gallery Furniture will raise prices on all wood furniture
- six new companies begin producing smart phones
- price of a complementary good goes down
- increased cyclical employment

Back

six new companies begin producing smart phones

7.

FLASHCARD QUESTION

Front

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

Back

profit

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