What is the primary focus of the lesson on supply and quantity supplied?

Supply and Demand Concepts

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Business
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9th - 10th Grade
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Hard

Patricia Brown
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Understanding consumer behavior
Differentiating between a change in supply and a change in quantity supplied
Learning about demand curves
Studying market equilibrium
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is a babysitting job used as an example in the lesson?
Because it is a high-paying job
Because students can easily relate to it
Because it involves complex calculations
Because it is a common job for adults
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of conducting an auction in the lesson?
To determine the highest bidder
To collect data on what wage students require for their labor
To sell babysitting services
To teach students about bidding strategies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the auction, what does a change in price affect?
The market equilibrium
The quantity supplied
The demand curve
The supply curve
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the law of supply state?
As price increases, quantity supplied increases
As price decreases, quantity supplied increases
As price decreases, quantity supplied remains constant
As price increases, quantity supplied decreases
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a change in supply different from a change in quantity supplied?
Both are shifts of the curve
Both are movements along the curve
A change in supply is a shift of the curve, while a change in quantity supplied is a movement along the curve
A change in supply is a movement along the curve, while a change in quantity supplied is a shift of the curve
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the supply curve when there is a decrease in supply?
It becomes steeper
It remains unchanged
It shifts to the left
It shifts to the right
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