Intro to Supply and Demand
Flashcard
•
Social Studies
•
12th Grade
•
Hard
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5 questions
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1.
FLASHCARD QUESTION
Front
______to the dirt
Back
Demand
2.
FLASHCARD QUESTION
Front
______to the sky
Back
Supply
3.
FLASHCARD QUESTION
Front
What does I.R.D.L. stand for?
Back
Increase Right Decrease Left
4.
FLASHCARD QUESTION
Front
What would a government induced price ceiling cause?
Back
Shortages in the market due to increased demand and decreased supply.
5.
FLASHCARD QUESTION
Front
What would a government induced price floor cause?
Back
A surplus in the market.
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