What does the law of demand state?
Economics - Supply and Demand

Flashcard
•
Social Studies
•
9th - 12th Grade
•
Medium
Mr. Alkire
Used 4+ times
FREE Resource
Student preview

30 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
When the price goes down, people buy more
2.
FLASHCARD QUESTION
Front
What does the law of supply state?
Back
When the price goes up, producers supply more
3.
FLASHCARD QUESTION
Front
What is the equilibrium price and quantity on a supply and demand graph?
Back
Price where supply equals demand, Quantity where demand equals supply
4.
FLASHCARD QUESTION
Front
The BLUE curve represents which of the following? Supply Schedule, Supply Curve, Demand Schedule, Demand Curve
Back
Demand Schedule
5.
FLASHCARD QUESTION
Front
The RED curve represents which of the following?
Back
Supply Curve
6.
FLASHCARD QUESTION
Front
Where the red and blue curves meet is known as what?
Back
Equilibrium
7.
FLASHCARD QUESTION
Front
When buyers purchase exactly as much as sellers are willing to sell, what condition occurs in the market?
Back
market equilibrium
Create a free account and access millions of resources
Similar Resources on Quizizz
20 questions
Supply and Demand Review

Flashcard
•
9th - 12th Grade
24 questions
Supply and Law of Supply Equilibrium

Flashcard
•
9th - 12th Grade
18 questions
Economics: Supply an Demand

Flashcard
•
9th - 12th Grade
22 questions
Social 9: Ch6: Economic systems

Flashcard
•
9th - 12th Grade
19 questions
Supply

Flashcard
•
9th - 12th Grade
24 questions
IGCSE Economics - Edexcel - Section A - The Market System

Flashcard
•
8th - 12th Grade
21 questions
Supply and Demand

Flashcard
•
KG - 12th Grade
25 questions
Supply & Demand Questions

Flashcard
•
9th - 12th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
20 questions
Math Review - Grade 6

Quiz
•
6th Grade
20 questions
math review

Quiz
•
4th Grade
5 questions
capitalization in sentences

Quiz
•
5th - 8th Grade
10 questions
Juneteenth History and Significance

Interactive video
•
5th - 8th Grade
15 questions
Adding and Subtracting Fractions

Quiz
•
5th Grade
10 questions
R2H Day One Internship Expectation Review Guidelines

Quiz
•
Professional Development
12 questions
Dividing Fractions

Quiz
•
6th Grade