The Price System
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12th Grade
Used 483+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If the price of baseball games decrease, the demand for peanuts and crackerjack will decrease.
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A price ceiling is the highest price the government will allow to be charged for a product.
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If there is a surplus in the market, the price is likely to...
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A decrease in demand will result in...
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
An increase in supply will result in...
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The graph for cars now when consumers expect prices to decrease in the future.
A
B
C
D
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The graph for McDonald's "chicken" nuggets when workers start working instead of Snapchat.
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