Supply, Demand, Markets & Prices

Supply, Demand, Markets & Prices

7th - 12th Grade

20 Qs

quiz-placeholder

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Supply, Demand, Markets & Prices

Supply, Demand, Markets & Prices

Assessment

Quiz

Other

7th - 12th Grade

Medium

Created by

Lisa Bales

Used 427+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Law of Demand states that as quantity demanded decreases...
wages decrease
production increases
price increases
quality decreases

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
A sharp rise in the price of Doritos may lead to an increase in the demand for
salsa
hamburgers
Cheetos
napkins

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would cause the demand to move along the demand curve instead of shifting it right or left? 
price
income
preferences
expectations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What will happen in relation to demand for swimsuits if the weather is sunny and beautiful? 
the demand curve shifts to the left
the demand curve becomes flatter
the demand curve shifts to the right
the demand curve becomes steeper

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Supply depends on the willingness and ability of 
donors to contribute
advertisers to promote
producers to sell
consumers to purchase

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the Law of Supply, what happens as price increases? 
The quantity supplied increases
The quantity supplied decreases
The supply curve shifts to the left
The supply curve shifts to the right

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
Which of these would most likely increase the supply of Pizza Hut pizza? 
a delivery trucker strike (who bring ingredients)
a government excise tax
a decrease in the price of cheese
an increase in the supply of Runza hamburgers

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