
Supply and Demand!
Authored by undefined Bianchet
Social Studies
12th Grade
Used 1K+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the demand curve shifts to the left, this suggests demand has
increased
decreased
Quantity demanded has increased
Quantity demanded has decreased
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the demand curve has shifted to the right, this suggests demand has
increased
decreased
quantity demanded has increased
quantity demanded has increased
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When price increases, quantity demanded
increases
decreases
supply would decreases, not quantity supplied
supply would increase, not quantity supplied
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Much of the tea in the U.K. is imported from India. If wages for Indian tea workers rose, thus increasing input costs, how would this effect supply of tea in the U.K.?
Supply would increase
Supply would Decrease
Supply would stay the same
India is not a real country
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If a wave of Peruvian immigrants migrated to south Florida, how might this affect the demand for Peruvian goods in the region?
Demand would increase
Demand would decrease
Demand would be unchanged
Quantity Demanded would increase
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the difference between an individual and market demand schedule?
Price
Quantity
Supply
Quantity supplied
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When the price of Nike brand shoes increases, we will probably go purchase a brand like Adidas or Pumas instead. Which of the following best explains this behavior?
Substitution Effect
Income Effect
Complement Goods
Consumer expectations
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