Supply and demand

Front

According to the law of demand, as price rises, what happens to quantity demanded?

Back

It goes down

Front

What does this curve represent? Options: Supply, Equilibrium, Demand, Surplus

Back

Demand

Front

Goods that are bought and used together are

Back

complementary goods

Front

The diagram represents a

Back

increase in demand

Front

What will cause an increase in the quantity demanded of snowboards?

Back

A decrease in the price of lift tickets at snowboarding resorts

Front

The movement from Point A to Point B represents a(n)

Back

decrease in the quantity supplied

Front

Which of the following would not shift the supply curve for iPhones?

Back

an increase in the price of iPhones

Front

A decrease in the price of a product will

Back

decrease quantity supplied

Front

Auto Union Workers agree to wage cuts. In terms of supply, this represents a change in..

Back

resources/inputs

Front

Which diagram shows the supply curve? Options: A, B, C, D

Back

A