Supply & Demand
Authored by Kelci Atkins
Social Studies
10th Grade
Used 33+ times
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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When analyzing demand, we are analyzing ___________ & the amount they are willing & able to _____.
consumers; buy
producers; sell
government; producer
consumers; sell
2.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The law of demand states...
As prices increase, demand will increase
As prices increase, demand will decrease
As prices decrease, demand will decrease
As prices decrease, demand will increase
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The demand curve illustrates the relationship between....
price & quantity demanded
supply & demand
demand & quantity
supply & price
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand curves, when graphed, always slope...
upward
downward
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When analyzing supply, we are analyzing _____ & the amount they are willing & able to ____.
producers; sell
consumers; buy
government; produce
producers; buy
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
The law of supply states...
as prices increase, supply will increase
as prices increase, supply will decrease
as prices decrease, supply will decrease
as prices decrease, supply will increase
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The supply curve illustrates the relationship between...
price & quantity supplied
price & demand
quantity & demand
supply & demand
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