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2.4 Econ Formative
LT 2.4: I can identify and graphically illustrate the factors that lead to shifts in supply. (Econ Alive! Chapter 5.5)
MUST SCORE 5/6 to pass this quiz. Retake as many times as needed!
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Hour 1
Hour 2
Hour 3
Hour 4
Hour 5
1. Which of the graphs below illustrates an decrease in Supply?
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1 point
Graph A
Graph B
Graph C
Graph D
2. Which of the following is NOT a supply shifter?
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1 point
Technology
Number of Sellers
Demand
Government Regulations
3.What would happen to the supply of cars if the cost of steel decreased?
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1 point
The supply would increase, causing the supply curve to shift left.
The supply would increase, causing the supply curve to shift right.
The supply would decrease, causing the supply curve to shift left.
The supply would decrease, causing the supply curve to shift right.
4. If the city of Blaine charged sellers a production fee on all fresh produce, including apples, the supply of apples in Blaine would:
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1 point
Decrease
Increase
Remain unchanged
5. Which of these would most likely increase the supply of soccer balls?
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1 point
A transportation strike
A decrease in the price of raw materials
A government tax
An increase in the demand for tennis balls
6. What would happen to the supply of oranges if subzero temperatures destroyed most of the citrus crop?
1 point
The supply would increase, causing the supply curve to shift left.
The supply would increase, causing the supply curve to shift right.
The supply would decrease, causing the supply curve to shift left.
The supply would decrease, causing the supply curve to shift right.
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