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Supply and Demand

Authored by Mark Harnew

History

9th - 12th Grade

Used 45+ times

Supply and Demand
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32 questions

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1.

MULTIPLE CHOICE QUESTION

20 sec • 12 pts

Media Image

What does this curve represent?

demand
supply
equilibrium
shortage

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If the price of printers goes down, what happens in the market for ink cartridges?

Supply increases.
Supply decreases.
Demand increases.
Demand decreases

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Printers and ink cartridges are typically purchased together.  Economists would call these

Stubstitues
Complements
Elastic
Inelastic

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

Assume the image is showing the market for apples.  Which of the headlines could indicate the pictured shift is occurring in the market?

Pesticides on apples linked to mouth cancer.
Storms destroy apple orchards.
An apple a day really does keep the doctor away.
New genetic strain leads to apple trees that produce twice as many apples.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government payment made to a business is a

tax
regulation
subsidy
resource

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The following is a factor that will not cause the demand curve to shift:

Advertising
Population
Price
Consumer expectations

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