Supply and Demand Practice

Supply and Demand Practice

Assessment

Flashcard

Social Studies

12th Grade

Hard

Created by

Wayground Content

FREE Resource

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19 questions

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1.

FLASHCARD QUESTION

Front

The law of supply states that when the price increases, the quantity supplied

Back

increases

2.

FLASHCARD QUESTION

Front

The law of demand states that when the price decreases, the quantity demanded

Back

increases

3.

FLASHCARD QUESTION

Front

What is the only thing that causes a change in quantity demanded?

Back

A change in price

4.

FLASHCARD QUESTION

Front

When price changes there is a _____________ the curve.

Back

slide on

5.

FLASHCARD QUESTION

Front

When something other than price changes there is a ______________the curve

Back

shift of

6.

FLASHCARD QUESTION

Front

How will an increase in the price of donuts affect the quantity demanded of donuts?

Back

Quantity demanded will decrease, and there will be a slide up the demand curve.

7.

FLASHCARD QUESTION

Front

If the price of bracelets decreases, how will the quantity supplied be affected?

Back

The quantity supplied will decrease, and there will be a slide down the supply curve.

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