Supply and Demand
Authored by Sara Howard
Social Studies
11th - 12th Grade
Used 25+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
As prices increase, ______________ decreases.
supply
quantity demanded
utility
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is this picture of?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Demand is the amount of a good/service people are willing and _____________ to buy.
Able
Hopeful
Elastic
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Due to the rise in beef prices the demand for hamburger buns has decreased. Beef and hamburger buns are considered _________________.
substitutes
complements
utility
inferior goods
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is a decrease in the price of a good illustrated on a demand graph?
The demand curve shifts to the right.
The demand curve shifts to the left
There is upward movement along the demand curve
There is downward movement along the demand curve.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When the price of orange juice rises, people start to drink apple juice. In this case, what is apple juice considered?
luxury good
complementary good
substitute good
normal good
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which graph below shows the SUPPLY CURVE?
A
B
C
D
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