markets
Authored by Nick Ryan
Other
10th - 12th Grade
Used 63+ times
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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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