Supply and Demand

Supply and Demand

11th - 12th Grade

12 Qs

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

11th - 12th Grade

Medium

Created by

Ryan Wilson

Used 11+ times

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12 questions

Show all answers

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

20 sec • 1 pt

A change in quantity demanded is shown

at various points on the demand curve
with a new demand curve drawn above or below the original demand curve
with a vertical line

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

A table that lists the quantity of a good that a single person will buy at each price in a market.

demand schedule
market demand schedule
elasticity chart
supply and demand graph

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Generally speaking, the lower the price, the greater the quantity demand.

True
False

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For the law of demand, as price rises, what happens to quantity demanded?

it goes up
it goes down
it stays the same
it is not effected

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

For the law of supply, as price rises, what happens to quantity supplied?

it goes up
it goes down
it stays the same
it is not effected

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