Unit 2 - Supply and Demand Test Review

Unit 2 - Supply and Demand Test Review

11th Grade

35 Qs

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Unit 2 - Supply and Demand Test Review

Unit 2 - Supply and Demand Test Review

Assessment

Quiz

Social Studies

11th Grade

Medium

Created by

Melissa Zimmerman

Used 19+ times

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35 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When there is an increase in demand, which direction does the demand curve shift?

Right

Left

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which direction does a demand curve go?

Down and to the left

Down and to the right

Up and to the left

Up and to the right

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which direction does a supply curve go?

Down and to the left

Down and to the right

Up and to the left

Up and to the right

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which is the equilibrium price?

$1.00

$1.50

$2.50

$3.00

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the selling price of a good goes up, what is the relationship to the quantity supplied?

The quantity supplied of the good will decrease.

The quantity supplied of the good will increase.

There is no relationship.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which price would lead to a shortage?

$.50

$1.50

$2.50

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is price related to demand?

If prices rise, demand will rise.

If prices rise, demand will drop.

There is no relationship.

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