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Froggy Jumps
Froggy Jumps

Elasticity of Supply Quiz

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Elasticity of Supply Quiz

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About this activity

Test your understanding of supply elasticity factors.

Created by

Montex
Montex
Canada

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Elasticity of Supply Quiz
 

Froggy Jumps

Elasticity of Supply QuizOnline version

Test your understanding of supply elasticity factors.

by Montex
1

Which factor relates to the time period when determining supply elasticity?

2

Which factor concerns how easily inputs can be moved between uses?

3

Which factor deals with the ability to store goods to adjust supply?

4

If a firm operates below full capacity, its supply is more elastic due to which factor?

5

Availability of inputs affects elasticity because readily available inputs make supply more what?

6

In the short run, supply is usually more what, relative to the long run?

7

Which factor is directly linked to adjusting production speed over time?

8

True or False: Mobility of factors has no impact on elasticity.

9

Which factor helps a producer respond to price changes by changing output levels?

10

Which factor describes how quickly a firm can adjust production in response to prices?

 
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