Supply, Demand, and Price

Supply, Demand, and Price

12th Grade

32 Qs

quiz-placeholder

Similar activities

Study Guide

Study Guide

1st - 12th Grade

28 Qs

FAFSA Study Set

FAFSA Study Set

9th - 12th Grade

28 Qs

Elasticity (PED/PES/YED/XPED)

Elasticity (PED/PES/YED/XPED)

11th - 12th Grade

30 Qs

UCSP UNIT TEST 1

UCSP UNIT TEST 1

12th Grade

30 Qs

Advertisments/brands

Advertisments/brands

1st Grade - University

32 Qs

Basic Gov

Basic Gov

12th Grade

32 Qs

Ekonomi XII

Ekonomi XII

10th - 12th Grade

30 Qs

Unit 1 Test Review

Unit 1 Test Review

12th Grade

32 Qs

Supply, Demand, and Price

Supply, Demand, and Price

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Hard

Created by

Erin Eisen

Used 5+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

32 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

30 sec • 1 pt

An increase in the price of aspirin is likely to be paired with a(n) ___________________ in the demand for Tylenol because the two goods are __________________.

increase; complements
increase; substitutes 
 decrease; complements 
 decrease; substitutes

4.

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Stubstitues
Complements
Elastic
Inelastic

6.

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.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A government payment made to a business is a

tax
regulation
subsidy
resource

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?