What is the "law of demand"?
Supply and Demand Shifters

Flashcard
•
Business
•
11th Grade
•
Hard
Quizizz Content
FREE Resource
Student preview

20 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
As price increases, demand decreases, and vice versa.
2.
FLASHCARD QUESTION
Front
If there is a major storm that shuts down traffic in the city and keeps people at home, what happens to the demand curve?
Back
The curve shifts left
3.
FLASHCARD QUESTION
Front
What happens to the demand for a product if the price of a complementary good decreases?
Back
The demand for the product will increase.
4.
FLASHCARD QUESTION
Front
How does a decrease in the number of buyers affect the demand curve?
Back
The demand curve will shift to the left.
5.
FLASHCARD QUESTION
Front
If the price of a substitute good decreases, what happens to the demand for a product?
Back
Demand for the product decreases.
6.
FLASHCARD QUESTION
Front
How does an increase in the number of buyers shift the demand curve?
Back
The demand curve shifts to the right.
7.
FLASHCARD QUESTION
Front
Describe the impact of government regulations on the demand for a product.
Back
Government regulations can impact the demand for a product by either increasing or decreasing it.
Create a free account and access millions of resources
Similar Resources on Quizizz
17 questions
Supply and Demand!

Flashcard
•
12th Grade
13 questions
What is Economics?

Flashcard
•
10th - 12th Grade
15 questions
Economics Flashcard

Flashcard
•
11th Grade
15 questions
Supply and Demand Review

Flashcard
•
12th Grade
13 questions
Supply and Shifting Supply

Flashcard
•
12th Grade
15 questions
Supply and Demand

Flashcard
•
12th Grade
15 questions
Supply and Demand

Flashcard
•
12th Grade
20 questions
Supply and Demand

Flashcard
•
11th Grade
Popular Resources on Quizizz
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade