
Understanding Supply Curve Dynamics

Interactive Video
•
Business, Economics, Social Studies
•
9th - 12th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the supply curve illustrate in a market?
The relationship between price and quantity supplied
The relationship between consumer preferences and supply
The relationship between demand and supply
The relationship between cost and profit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes a movement along the supply curve?
A change in government regulations
A change in production technology
A change in the price of the good
A change in consumer preferences
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price of a good increases, what happens to the quantity supplied?
It increases
It decreases
It fluctuates randomly
It remains the same
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a shift in the supply curve indicative of?
A change in government policy
A change in the price of the good
A change in factors other than price affecting supply
A change in consumer demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the supply curve when production costs increase?
It becomes steeper
It remains unchanged
It shifts to the left
It shifts to the right
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following can cause a decrease in supply?
A decrease in input prices
An increase in the number of firms
Firms exiting the industry
Technological advancements
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a technological advancement affect the supply curve?
It shifts the supply curve to the right
It makes the supply curve steeper
It shifts the supply curve to the left
It causes no change
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