Price Controls & Market Structures

Price Controls & Market Structures

9th - 12th Grade

30 Qs

quiz-placeholder

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Price Controls & Market Structures

Price Controls & Market Structures

Assessment

Quiz

History

9th - 12th Grade

Medium

Created by

Beth Paolano

Used 80+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What does this curve represent?
demand
supply
equilibrium
shortage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What does this curve represent?
supply
equilibrium
demand
surplus

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

At market equilibrium there is
a shortage
excess demand
the same amount of supply and demand
 a surplus

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
What is the equilibrium quantity in this graph?
$1.50
$1.00
600
800

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
If a price floor was set at 320, what quantity would be purchased?
20
40
60
80

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image
At the price of 1.00 there is a 
shortage of 200
surplus of 200
shortage of 400
surplus of 400

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

An effective price floor must be set above equilibrium, resulting in:
a shortage
a surplus
limited choices
None of the above

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