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Market Supply Schedule

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The image shows the supply schedule for Bob's Low-Rider Lawn Mowing services. Which of the following statements is true regarding the supply of lawn cuts at a price of $25?

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1. What is a market supply schedule?

2. Which of the following statements is FALSE regarding a supply schedule?

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About This Quiz & Worksheet

Test your ability to identify what the market supply schedule is and how it's calculated in this quiz/worksheet combo. Terms you will be assessed on include supply and quantity supplied.

Quiz & Worksheet Goals

This quiz/worksheet combo can help you assess your knowledge of:

  • An explanation of the supply of a good or service
  • Quantity supplied definition
  • Properties of a market supply schedule

Skills Practiced

Use this quiz and worksheet to practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related market supply lesson
  • Making connections - use your understanding of the concept of a market supply schedule
  • Information recall - access the knowledge you have gained regarding the supply of goods and services

Additional Learning

To learn more about the market supply schedule, review the lesson on Market Supply Schedule. This lesson covers the following objectives:

  • Define economy
  • Identify characteristics of the market supply schedule
  • Review supply schedules
  • Learn about the advantages of using the market supply schedule
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