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  5. Supply And Demand Lesson 1
Supply and Demand Lesson 1

Supply and Demand Lesson 1

Assessment

Presentation

Social Studies

12th Grade

Practice Problem

Easy

Created by

Levi Haliday

Used 4+ times

FREE Resource

8 Slides • 9 Questions

1

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2

Draw

Draw the Law of Demand. Use arrows and labels to describe what happens to demand when price increases.

3

Draw

Draw the Law of Supply. Use arrows and labels to describe what happens to supply when price rises.

4

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5

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6

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7

Multiple Choice

Question image

What is the difference between quantity supplied and quantity demanded when the price is $10?

1

15

2

20

3

30

4

10

8

Multiple Choice

Question image

What is the difference when the price is $2?

1

20

2

15

3

5

4

30

9

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10

Multiple Choice

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What is the quantity supplied at $8?

1

15

2

40

3

35

4

10

11

Multiple Choice

Question image

What is the quantity demanded at $8?

1

15

2

10

3

35

4

40

12

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13

Multiple Choice

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Is there a surplus or a shortage when the price is $10?

1

Shortage

2

Surplus

14

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15

Multiple Choice

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What happens to quantity demanded at $100 when demand decreases?

1

the equilibrium price rises

2

the equilibrium price falls

3

quantity supplied increases

4

quantity supplied decreases

16

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17

Open Ended

If Hometown Pizza closes, what will happen to the supply of pizza? How will that affect the equilibrium price of pizza?

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