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AP quiz

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高中 9
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AP quiz

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3

共 20 題

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# 1選擇題
What does 'Suplay' (Supply) refer to in economics?
The amount of goods consumers are willing to buy at different prices.
The amount of goods producers are willing to sell at different prices.
The total cost of producing a good or service.
The profit made by a seller in the market.
# 2選擇題
According to the Law of Supply, what happens to the quantity supplied when the price of a product increases, assuming all other factors remain constant (ceteris paribus)?
The quantity supplied decreases.
The quantity supplied remains the same.
The quantity supplied increases.
The law of supply does not apply in this situation.
# 3選擇題
What is a 'Supply Curve' graphically representing?
The relationship between the total cost and profit.
The relationship between the price of a product and the quantity supplied.
The relationship between consumer demand and producer supply.
The relationship between market competition and product variety.
# 4選擇題
In economics, what is 'Pamilihan'?
A place where only producers interact.
A place where only consumers interact.
A place where consumers and producers interact.
A place where the government sets prices.
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