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Froggy Jumps
Froggy Jumps

Producer Supply and Competition

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Producer Supply and Competition

Froggy Jumps

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About this activity

Easy questions on supply and competition.

Created by

Javohir G'ayrataliyev
Javohir G'ayrataliyev
Uzbekistan

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Producer Supply and Competition
 

Froggy Jumps

Producer Supply and CompetitionOnline version

Easy questions on supply and competition.

by Javohir G'ayrataliyev
1

What is the basic economic problem?

2

Which factor can shift the supply curve?

3

If price rises and supply stays the same, what happens to quantity supplied?

4

What does demand mean in economics?

5

Which market structure has many buyers and sellers with similar products?

6

A price ceiling is a limit on:

7

Which causes a movement along the supply curve?

8

Which term describes a market with a few large sellers?

9

If supply increases and demand stays the same, price generally:

10

What is consumer surplus?

11

Which event can cause a demand curve to shift right?

12

What does elasticity measure?

13

In a competitive market, profits tend to:

14

A subsidy to producers shifts the:

15

What is a price floor?

16

If both supply and demand rise, equilibrium price:

17

Which is a characteristic of perfect competition?

18

A shift in supply occurs due to:

19

Market equilibrium is where:

20

What happens to price when demand falls and supply is unchanged?

21

Which term describes a market with many buyers and a single seller?

22

A rising market price typically:

23

What does competition encourage among firms?

24

What is consumer demand influenced by?

25

Which shift factor affects supply but not demand?

26

What is producer surplus?

27

In the short run, a firm can:

28

A price shock typically causes:

29

Which is not a market structure?

30

What is marginal cost?

31

If a new technology lowers production costs, supply:

 
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