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Supply and Demand

Social Studies

12th Grade

CCSS covered

Used 41+ times

Supply and Demand
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55 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The market equilibrium price is the price at which

surpluses depress the number of goods supplied
shortages and surpluses will have no effect on the market
the government will not intervene in the market
the quantity demanded is the same as the quantity supplied

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When there is a shortage the price will usually?

rise

fall

remain the same

equilibrium

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Goods that are bought and used together are 

complementary goods
substitute goods
income goods
unrelated goods

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram represents a(n)

increase in supply
decrease in supply
change in quantity supplied
none of the above

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram represents a

increase in demand
decrease in demand
change in quantity demand
none of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Graph shows which of the following?
(actually use this graph to answer the question)

a decrease in demand (shift) and a decrease in quantity supplied
a decrease in demand (shift) and a decrease in supply
a decrease in quantity demanded and a decrease in quantity supplied
a decrease in quantity demanded and a decrease in supply (shift)

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Assume the image is showing the market for apples.  Which of the headlines could indicate the pictured shift is occurring in the market?

Pesticides on apples linked to mouth cancer.
Storms destroy apple orchards.
An apple a day really does keep the doctor away.
New genetic strain leads to apple trees that produce twice as many apples.

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