Supply and Law of Supply
Quiz
•
Social Studies
•
9th - 12th Grade
•
Medium
Wayground Content
Used 17+ times
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A decrease in supply is demonstrated by which of the following?
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When producers offer more of a good as its price increases and less as its price falls, this defines the
law of demand
law of supply
change in demand
change in supply
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Identify the correct determinant of supply.
Example: If the government requires factories to reduce pollution, complying will initially increase costs of production in the market and reduce supply.
Government regulation
Cost of resources
Worker productivity/motivation
Change in technology
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following supply curves demonstrates a decrease in the quantity supplied?
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Identify the correct determinant of supply:
Example: If the cost of electricity used to power an automotive factories falls, the supply of cars in the market increases
Cost of production/resources
Number of sellers
Change in expectations
Change in technology
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A popular musical act announces a concert at a 10,000 seat venue. Prices for tickets skyrocket so the venue announces that there will be 500 standing room only tickets offered. What concept does this demonstrate?
elastic supply
inelastic supply
change in supply
change in quantity supplied
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
10 questions
Opinion or Truth
Quiz
•
11th Grade
13 questions
KSN Ekonomi
Quiz
•
11th Grade
16 questions
Government Quiz 4 Study Guide
Quiz
•
12th Grade
10 questions
Philippine Politics and Governance
Quiz
•
12th Grade
10 questions
Government/Electoral process
Quiz
•
12th Grade
10 questions
Renewable and non renewable resources.
Quiz
•
6th - 12th Grade
15 questions
Do's and Don'ts in Cambodia
Quiz
•
6th - 12th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
11 questions
NEASC Extended Advisory
Lesson
•
9th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
10 questions
Boomer ⚡ Zoomer - Holiday Movies
Quiz
•
KG - University
25 questions
Multiplication Facts
Quiz
•
5th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
20 questions
Multiplying and Dividing Integers
Quiz
•
7th Grade
Discover more resources for Social Studies
8 questions
US Involvement in WW1 Digital Day Video
Interactive video
•
11th Grade
10 questions
Unit 4 (Project): SSEPF10
Quiz
•
12th Grade
25 questions
Unit 3: Rise of World Power
Quiz
•
10th Grade
11 questions
Human Adaptations & Modifications
Quiz
•
5th - 10th Grade
35 questions
The Progressive Era
Quiz
•
11th Grade
10 questions
Exploring Economic Systems and Their Impact
Interactive video
•
6th - 10th Grade
23 questions
USHC 6 FDR and The New Deal Programs
Quiz
•
9th - 12th Grade
10 questions
Unit 6 - Great Depression & New Deal
Quiz
•
11th Grade