
Unit 2 Supply and Demand Vocabulary quiz
Authored by Morrissa Green
Social Studies
11th - 12th Grade
Used 5+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the graph that shows the relationship between the price of a good and the amount of it that buyers are
willing to purchase at that price.
Demand
Demand Curve
Law Of Demand
Surplus
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the part of the economy where labor and resources are sold
Factor market
Product Market
Business market
Household Market
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a
higher price.
Law of Supply
Supply
Law of Demand
Demand
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the rule which states that more of a product will be produced when the price is high and less will be produced when the price is low
Law of Supply
Supply
Law of Demand
Demand
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the lowest legal price that can be charged for a product.
Shortage
Surplus
Price Ceiling
Price Floor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is the name for the situation which exists when the quantity demanded is greater than the quantity supplied.
Shortage
Surplus
Price Ceiling
Price Floor
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
the situation that exists when the quantity supplied of an item is greater than the quantity demanded
Shortage
Surplus
Price Ceiling
Price Floor
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?