supply

supply

2nd Grade

6 Qs

quiz-placeholder

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Assessment

Quiz

English

2nd Grade

Practice Problem

Medium

Created by

Астхик Саргсян

Used 1+ times

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6 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the price increases

the supply decreases

the supply increases

the supply doesn't change

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Not the price factor of changing the offer

the price of resources

technologies

supply price

expectations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The law of supply states

other things being equal, More of a good will be bought the lower its price. Less of a good will be bought the higher its price.

that as the price of a good or service increases, the quantity supplied will increase, ceteris paribus. This is because producers are motivated by profit, and higher prices mean higher profits. However, there are limits to how much producers can supply, due to factors such as production costs and availability of resources.

Hooke’s law states that strain is directly proportional to strain produced by the stress when a material is loaded within the elastic limit.

he concentrations of the products multiplied together, divided by the concentration of the reactants multiplied together, equal an equilibrium constant

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When ice cream is sold at a high price, the business is profitable and vice versa

it't true

it's false

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the price of ice cream ingredients rises, producing ice cream becomes more profitable

it's true

ot's false

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

if the supply is at a low level, then

firms stop production

firms do not stop production

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