Supply Notes

Presentation

•

Social Studies

•

12th Grade

•

Practice Problem

•

Easy

Jonathan Gonzalez

Used 4+ times

FREE Resource

15 Slides • 6 Questions

Multiple Choice

The law of supply what happens when prices go up?

The quantity supplied becomes zero.

The quantity supplied increases.

The quantity supplied remains the same.

The quantity supplied decreases.

Multiple Choice

In the law of supply what happens when prices fall?

The quantity supplied decreases.

The quantity supplied remains the same.

The quantity supplied fluctuates wildly.

The quantity supplied increases.

Multiple Choice

Which of the following do you think would be Elastic in supply?

Chickens

Diamonds

Oil

Clothes

Multiple Choice

Give an example of an Inelastic supply product

Chips

Oil

Clothing

Shoes

Open Ended

Describe how something can change supply

Type response here

Open Ended

How does scarcity relate to supply?

Type response here

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