Supply and Demand
Other
10th - 12th Grade
CCSS covered
Used 3K+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A group of buyer and sellers of a particular good or service
Supply
Demand
Agency
Market
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
This part of the market determines DEMAND
buyers
sellers
suppliers
store owners
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines SUPPLY
buyers
sellers
consumers
us
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
For the law of demand, as price rises, what happens to quantity demanded?
it goes up
it goes down
it stays the same
it is not effected
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
For the law of supply, as price rises, what happens to quantity supplied?
it goes up
it goes down
it stays the same
it is not effected
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When quantity supplied and quantity demanded is equal
surplus
shortage
equilibrium
law of demand
Tags
CCSS.HSF-IF.C.7A
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If a price is above equilibrium price, it creates a...
shortage
surplus
market price
demand
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