This part of the market determines DEMAND
Supply, Demand and Equilibrium

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•
Social Studies, Mathematics
•
10th - 12th Grade
•
Hard
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22 questions
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1.
FLASHCARD QUESTION
Front
Back
buyers
2.
FLASHCARD QUESTION
Front
This part of the market determines SUPPLY
Back
sellers
3.
FLASHCARD QUESTION
Front
For the law of demand, as price rises, what happens to quantity demanded?
Back
it goes down
4.
FLASHCARD QUESTION
Front
For the law of supply, as price rises, what happens to quantity supplied?
Back
it goes up
5.
FLASHCARD QUESTION
Front
When quantity supplied and quantity demanded is equal
Back
equilibrium
6.
FLASHCARD QUESTION
Front
If a price is above equilibrium price, it creates a...
Back
surplus
7.
FLASHCARD QUESTION
Front
If a price is below the equilibrium price it creates a...
Back
shortage
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