Ch.12 Supply and Demand Entrepreneurship

Multiple Choice

A _______ occurs when the quantity supplied can’t meet the demand.

• surplus

• shortage

Multiple Choice

A ______ is when the quantity supplied is greater than the demand.

• Surplus

• Shortage

Multiple Choice

The _________ is where the supply curve and the demand curve intersect, where supply and demand are balanced.

• market price

• Equilibrium point

• Equilibrium corner

Labelling

Label the curve correctly

Drag labels to their correct position on the image

Demand

Quantity

Price

Drag and Drop

Turkeys for Thanksgiving are raised on poultry farms. If the Bird Flu hits and kills most of the turkeys, ​

Placeholder

and the ​

Placeholder

.

Drag these tiles and drop them in the correct blank above

supply goes down

price goes up

supply goes up

demand goes down

demand goes up

price goes down