Supply and Demand Flashcard
Flashcard
•
Financial Education
•
12th Grade
•
Practice Problem
•
Easy
James Byrd
Used 2+ times
FREE Resource
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22 questions
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1.
FLASHCARD QUESTION
Front
What determines the prices of the lemonade Liam sells?
Back
Supply and demand
2.
FLASHCARD QUESTION
Front
What exists when the number of cookies baked by Sophia is greater than the number of cookies the students want to buy?
Back
Surplus
3.
FLASHCARD QUESTION
Front
Nora's lemonade stand market equilibrium condition.
Back
Demand and supply quantities are equal
4.
FLASHCARD QUESTION
Front
The price at which fresh produce is bought and sold remains stable over time is called:
Back
Equilibrium price
5.
FLASHCARD QUESTION
Front
Kanye West's new shoe, the Yeezy Boost, sold out in stores. This is an example of:
Back
Shortage
6.
FLASHCARD QUESTION
Front
What happens to the price of apples when there is a surplus of apples?
Back
Price drops
7.
FLASHCARD QUESTION
Front
Price ceiling
Back
The maximum price allowed, set by the government
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