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Microeconomics - Black

Authored by Roger Rich

Other

10th - 12th Grade

Used 32+ times

Microeconomics - Black
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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The graph illustrates a ...

Demand Curve
Supply Curve
Equilibrium
Price Ceiling

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When the demand for a product or service is higher than the supply this causes what?

shortage
consumer
surplus
equilibrium

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A person or company that makes, grows, or supplies goods to sell is called the?

damand
price
producer
shortage

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The amount of goods or services available is called?

supply
demand
producer
consumer

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

An individual or group who purchases goods.

producer
consumer
goods
services

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The point where supply and demand are balanced is?

product
demand
surplus
equilibrium

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When there is a shortage the price will usually? 

rise
fall
remain the same
equilibrium

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