
Supply and Demand Quiz Review
Authored by Thomas Leeds
Social Studies
10th - 12th Grade
CCSS covered
Used 3+ times

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31 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which statement expresses a central idea of how the laws of supply and demand work?
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Mr Tonkli goes to the ticket booth to buy tickets for a Cavs game. Mr. Tonkli is told that the game is sold out and no tickets are available. Which best explains why there are no basketball tickets available?
3.
MULTIPLE CHOICE QUESTION
45 sec • 12 pts
Which situation is most likely to lead to the lowest prices?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines SUPPLY
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines DEMAND
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of demand, as price rises, what happens to quantity demanded?
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of supply, as price rises, what happens to quantity supplied?
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