IB Microeconomics - Supply and Demand

IB Microeconomics - Supply and Demand

11th Grade - University

16 Qs

quiz-placeholder

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IB Microeconomics - Supply and Demand

IB Microeconomics - Supply and Demand

Assessment

Quiz

Other

11th Grade - University

Medium

Created by

Raquel Ramos

Used 229+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Will lead to a shift of the supply curve...

Change in costs of production

Change in firm's reputation

Change in consumer preferences

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Will lead to a shift of the demand curve...
Change in costs of production
Change in firm's reputation
Change in taxes
Change in international tariffs

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Definition of market equilibrium

Quantity demanded and quantity supplied are the same

Quantity demanded and quantity supplied are different

Quantity demanded is higher than quantity supplied

Quantity demanded is lower than quantity supplied

4.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Will lead to a change along the demand curve
Change in prices
Change in firm's reputation
Change in consumer preferences

5.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Will lead to a change along the supply curve
Change in prices
Change in costs of production
Change in taxes
Change in international tariffs

6.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The supply curve shows

The amount of goods or services that are supplied at a given market price.

The amount of goods or services that are consumed at a given market price.

The amount of goods or services that are supplied at a given quantity.

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The demand curve shows

The amount of goods or services that are consumed at a given market price.

The amount of goods or services that are supplied at a given market price.

The amount of goods or services that are consumed at a given quantity.

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