Econ C-3-5 Demand, Supply and Prices Test

Which graph below shows the SUPPLY CURVE?

• A
• B
• C
• D

This part of the market determines SUPPLY

• buyers
• sellers
• consumers
• us

The Law of Supply states:

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

What happened to a supply curve when supply goes down?

• moves left
• moves rights
• moves up
• moves down

When the supply of a product or service goes up and the demand stays the same the Price will typically do what? 

• rise
• fall
• stay the same
• Consumer

When there is a shortage the price will usually? 

• rise
• fall
• remain the same
• equilibrium

What does this curve represent?

• supply
• equilibrium
• demand
• surplus

This part of the market determines DEMAND

• buyers
• sellers
• suppliers
• store owners

When quantity supplied and quantity demanded is equal

• surplus
• shortage
• equilibrium
• law of demand

Tags

CCSS.HSF-IF.C.7A

Goods that are bought and used together are 

• complementary goods
• substitute goods
• income goods
• unrelated goods