Quantity Supplied of a Good: Definition & Overview


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question 1 of 3

A seller's propensity to provide a certain quantity of goods to the market for sale is based on which of the following?

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1. What law states that supply will increase when price increase?

2. What are two tools used in analyzing supply?

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About This Quiz & Worksheet

Access this quiz at any time to see if you understand what quantities supplied of a good means. You can take the quiz any time before, while or after you view the related lesson, and you can retake it multiple times if needed.

Quiz & Worksheet

Students who take this quiz will need to know about the following in order to pass:

  • Basis for a seller's propensity to provide goods for sale
  • Tools for analyzing supply
  • Name of the law that says supply increases when price increases
  • Market supply vs. individual supply
  • Factors that do and do not cause shifts in a supply curve

Skills Practiced

  • Reading comprehension - pull out the key information from the lesson on quantity supplied of a good
  • Making connections - understand the concept of a supply curve and the changes it makes over time
  • Distinguishing differences - compare and contrast individual supply of a product versus market supply of the product

Additional Learning

For more information on this topic, take a look at the related lesson called Quantity Supplied of a Good: Definition & Overview. It seeks to help students meet the following objectives:

  • Define terms such as quantity supplied
  • Know what an upward sloping supply curve indicates
  • Examine a sample diagram of a supply curve