Demand & Supply

Demand & Supply

11th - 12th Grade

10 Qs

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Demand & Supply

Demand & Supply

Assessment

Quiz

Social Studies

11th - 12th Grade

Practice Problem

Hard

Used 517+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A decrease in quantity demanded

results in a movement downward and to the right along a demand curve.
results in a movement upward and to the left along a demand curve.
shifts the demand curve to the left.
shifts the demand curve to the right.

2.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A movement upward and to the left along a demand curve is called a(n)

increase in demand.
decrease in demand.
decrease in quantity demanded.
increase in quantity demanded.

3.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which of the following would cause the demand curve to shift from Demand B to Demand C in the market for DVDs in the United States?

a decrease in the price of DVDs
a decrease in the price of DVD players
a change in consumer preferences toward watching movies in movie theaters rather than at home
a decrease in the number of people in the United States

4.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A decrease in the price of a good will

increase supply.
decrease supply.
increase quantity supplied.
decrease quantity supplied.

5.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

The movement from Point A to Point B represents a(n)

increase in the price.
decrease in the quantity supplied.
shift in the supply curve.
Both Orange and Blue are correct.

6.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which of the following would not shift the supply curve for iphones?

an increase in the price of iphones
a decrease in the number of sellers of iphone
an increase in the price of plastic, an input into the production of iphones
an improvement in the technology used to produce iphones

7.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

In a given market, how are the equilibrium price and the market-clearing price related?

There is no relationship.
They are the same price.
The market-clearing price exceeds the equilibrium price.
The equilibrium price exceeds the market-clearing price.

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