The desire and ability to produce and sell a product is
Chapter 5 Lesson 1: What Is Supply?

Quiz
•
Social Studies
•
9th Grade
•
Hard
Denny Whitlow
Used 1+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
demand
production
profit
supply
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The law of supply states that
when prices go up, quantity supplied goes down; when prices go down, quantity supplied goes up
when prices go down, quantity supplied goes down; when prices go up, quantity supplied goes up
when prices go up, supply goes down; when prices go down, supply goes up
when prices go down, supply goes down; when prices go up, supply goes up
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A supply schedule is a
table showing how much of a product someone is willing and able to buy
graph showing how much of a product someone is willing and able to buy
table showing how much of a product someone is willing and able to sell
graph showing how much of a product someone is willing and able to sell
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Supply curves are created using the assumption that all economic factors remain constant except
demand
elasticity
price
production
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What motivates producers to increase supply?
efficiency
demand
profit
thrift
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price and quantity supplied have a direct relationship because:
as price increases, quantity supplied increases
as price increases, quantity supplied decreases
as price decreases, quantity supplied increases
there is no relationship between price and quantity supplied
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Similar Resources on Wayground
12 questions
Supply and Demand

Quiz
•
KG - 12th Grade
10 questions
Law of Supply

Quiz
•
10th - 12th Grade
10 questions
Equilibrium

Quiz
•
12th Grade
10 questions
Demand & Supply

Quiz
•
11th - 12th Grade
11 questions
Supply Quiz

Quiz
•
10th - 12th Grade
10 questions
Economics Unit 2

Quiz
•
9th - 12th Grade
10 questions
DEMAND, SUPPLY AND EQUILIBRIUM

Quiz
•
University
10 questions
Supply and Demand

Quiz
•
12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade