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Understanding Supply and Demand Test Make Up

Authored by Ryan Townsend

Social Studies

12th Grade

CCSS covered

Used 2+ times

Understanding Supply and Demand Test Make Up
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31 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What does this graph show?

Shortage
Surplus
Supply Table
Equilibrium

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

If a price floor was set at 320, what quantity would be purchased?

20
40
60
80

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

What is the Equilibrium Price?

1
2
3
4

4.

MULTIPLE CHOICE QUESTION

45 sec • 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

45 sec • 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

45 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

45 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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