Supply and Demand Check

Supply and Demand Check

Assessment

Flashcard

Social Studies

11th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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7 questions

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1.

FLASHCARD QUESTION

Front

When the price rises, what happens to the supply and demand?

Back

Surplus

2.

FLASHCARD QUESTION

Front

The amount of a good or service that consumers are willing and able to buy

Back

demand

3.

FLASHCARD QUESTION

Front

What is NOT a factor of supply curve shift? Options: Subsides and taxes, Number of sellers, Income changes, Cost of inputs

Back

Income changes

4.

FLASHCARD QUESTION

Front

If the store has 100 packs of toilet paper and 200 people want to buy it, is it a shortage or surplus?

Media Image

Back

shortage

5.

FLASHCARD QUESTION

Front

When the price falls, what happens to the supply and demand?

Back

Shortage

6.

FLASHCARD QUESTION

Front

The amount of a good or service that producers are willing and able to sell

Back

supply

7.

FLASHCARD QUESTION

Front

The point where demand and supply intersect

Back

equilibrium

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