Circular flow/ Supply and Demand
Authored by Morrissa Green
Social Studies
11th - 12th Grade
Used 8+ times
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9 questions
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1.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
The law of demand states that as Price (a) demand decreases
2.
OPEN ENDED QUESTION
3 mins • Ungraded
What is the Law of Supply?
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3.
FILL IN THE BLANKS QUESTION
1 min • 1 pt
Supply and demand work together to determine (a)
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Where supply and demand meet
Equilibrium
Meeting Point
Market
Quantity
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When prices fall bellow the equilibrium price
Surplus
Shortage
Supply
Demand
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Prices rise above equilibrium
Surplus
Shortage
Supply
Demand
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
Where do factors of production (land, labor, etc) come from in the circular flow model?
Factor market
Product market
Firms
Individuals
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