12b Supply and Demand

12b Supply and Demand

Assessment

Flashcard

Other

7th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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8 questions

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1.

FLASHCARD QUESTION

Front

What does this curve represent? Options: demand, supply, equilibrium, shortage

Media Image

Back

supply

2.

FLASHCARD QUESTION

Front

What does this curve represent? Options: supply, equilibrium, demand, surplus

Media Image

Back

demand

3.

FLASHCARD QUESTION

Front

What is equilibrium price?

Back

The price where supply and demand intersect.

4.

FLASHCARD QUESTION

Front

Media Image

Back

A

5.

FLASHCARD QUESTION

Front

What is determined by the interaction of supply and demand?

Back

Price

6.

FLASHCARD QUESTION

Front

According to the chart, how many cars are supplied at $50,000?

Media Image

Back

80

7.

FLASHCARD QUESTION

Front

According to the chart, what would happen if the price drops from $1.50 to $.50?

Media Image

Back

Not everyone will get pizza.

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