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markets

Authored by Nick Ryan

Other

10th - 12th Grade

Used 63+ times

markets
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21 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market situation where quantity demanded is greater than quantity supplied?

Equilibrium
Shortage
Surplus

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a market situation where quantity supplied is greater than quantity demanded?

Shortage
Equilibrium
Surplus

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the location called where supply and demand curves intersect?

Shortage
Quantity Supplied
Equilibrium
Disequilibrium

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the letter used to show the price received by producers after a subsidy has been introduced?

A
B
P
Q

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the name of a payment made from the government to producers?

Surplus
Sales Tax
Subsidy
Schedule

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Price Maximum will lead to surplus in the market

True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A Price Minimum will lead to a surplus in the market.

True
False

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