2. Microeconomics

Supply, Price, And Quantity — Quiz

Test your understanding of supply, price, and quantity with 5 practice questions.

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Practice Questions

Question 1

In economics, what does supply refer to?

Question 2

What usually happens to the quantity supplied of a product when its price rises, assuming all other factors stay the same?

Question 3

Which statement best describes the difference between supply and quantity supplied?

Question 4

Which factor would most likely cause a decrease in supply of a good?

Question 5

If the supply curve shifts to the right, what does this mean?
Supply, Price, And Quantity Quiz — IB Economics HL | A-Warded