Supply & Demand Short Teacher led

Front

What does this curve represent?

Back

demand

Front

What is the Equilibrium Price?

Back

The price at which the quantity demanded equals the quantity supplied.

Front

Which of the following would not shift the supply curve for iphones? Options: an increase in the price of iphones, a decrease in the number of sellers of iphone, an increase in the price of plastic, an input into the production of iphones, an improvement in the technology used to produce iphones

Back

an increase in the price of iphones

Front

This illustrates a shift in _________, which could be a result of__________

Back

Supply, input cost increasing

Front

Which of the following supply curves demonstrates a decrease in the quantity supplied?

Back

Front

An increase in supply is indicated by which graph?

Back

Front

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

Back

Front

The prices for houses steadily increase, causing more people to want to sell their homes. Which of these demonstrates this concept?

Back

Front

Which of the following represent a increase in demand?

Back

Front

Which of the following demand curves demonstrates a increase in the quantity demanded?

Back