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

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

12th Grade

27 Qs

quiz-placeholder

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

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

Assessment

Quiz

12th Grade

Hard

CCSS
HSF-IF.C.7A

Standards-aligned

Created by

Lisa Chapman

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which graph below shows the SUPPLY CURVE?

A
B
C
D

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This part of the market determines SUPPLY

buyers
sellers
consumers
us

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Media Image

The Law of Supply states:

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happened to a supply curve when supply goes down?

moves left
moves rights
moves up
moves down

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

When there is a shortage the price will usually? 

rise
fall
remain the same
equilibrium

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

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