Supply and Demand Check

Front

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

Back

Surplus

Front

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

Back

demand

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

Front

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

Back

shortage

Front

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

Back

Shortage

Front

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

Back

supply

Front

The point where demand and supply intersect

Back

equilibrium