Microeconomics

The graph represents: Demand or Supply?

• Demand
• Supply

Law of demand says if the price of pizza falls, the demand for pizza will what?

• Increase
• Decrease

What kind of graph is this?

• Supply
• Demand

Tags

CCSS.8.EE.B.5

The Law of Supply states:

• as price increases, supply increases
• as prices decrease, demand increases

Which is a cause for supply to change? HINT: TRICE

• Technology
• Taste

What is Equilibrium?

• Price that buyers & sellers will accept
• Price that equals Goods

What is a causes a shift for Demand? (HINT: MERIT)

• Weather
• Population

One benefit of starting a corporation is...

• You are the only one responsible
• There is limited liability
• You have to come up with ALL of the start money

A negative (drawback) of starting a sole proprietorship is...

• You have to raise ALL of the money yourself
• You make all of the decisions
• All of the profits belong to you

The people who make the major policy and financial decisions in a corporation are the 

• investors
• board of directors
• managers
• owners