12b Supply and Demand
Flashcard
•
Other
•
7th - 8th Grade
•
Practice Problem
•
Hard
Wayground Content
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8 questions
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1.
FLASHCARD QUESTION
Front
What does this curve represent? Options: demand, supply, equilibrium, shortage
Back
supply
2.
FLASHCARD QUESTION
Front
What does this curve represent? Options: supply, equilibrium, demand, surplus
Back
demand
3.
FLASHCARD QUESTION
Front
What is equilibrium price?
Back
The price where supply and demand intersect
4.
FLASHCARD QUESTION
Front
Back
A
5.
FLASHCARD QUESTION
Front
What is determined by the interaction of supply and demand?
Back
Price
6.
FLASHCARD QUESTION
Front
According to the chart, how many cars are supplied at $50,000?
Back
80
7.
FLASHCARD QUESTION
Front
According to the chart, what would happen if the price drops from $1.50 to $.50? Options: Pizza makers will make more money, The cost of producing pizza will rise, Not everyone will get pizza, Everyone is able to have pizza
Back
Not everyone will get pizza
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