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Supply and Demand

Authored by Richard H

Life Skills, Business

8th - 12th Grade

CCSS covered

Used 7+ times

Supply and Demand
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines DEMAND

buyers
sellers
suppliers
store owners

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines SUPPLY

buyers
sellers
consumers
us

3.

MULTIPLE CHOICE QUESTION

30 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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When quantity supplied and quantity demanded is equal

surplus
shortage
equilibrium
law of demand

Tags

CCSS.HSF-IF.C.7A

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Thousands of people leave a small town due to a factory closing down.  Sales at the local grocery store become slow. What causes this change?

Prices or availability of substitutes
Prices or availability of complementary goods
Change in the weather or season
Change in the number of buyers

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Goods that are bought and used together are 

complementary goods
substitute goods
income goods
unrelated goods

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