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Supply and Demand

Authored by Eric Wimer

Social Studies

8th Grade

Used 13+ times

Supply and Demand
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the earnings a business has left after all its expenses have been paid?

Capital

Profit

Taxes

Wages

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to this table, what will happen if the price of a slice of pizza decreases from $2.50 to $1.00?

Customers will not buy as much pizza.

Profits of pizza makers will increase.

There will not be enough pizza produced.

The cost of producing pizzas will rise.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which term best describes the message on this poster?

Insurance

Deposit

Investment

Guarantee

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Which economic factor has most likely determined the price in this picture?

Demand

Scarcity

Capital

Consumption

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A discount is a form of...

incentive.

resource.

capital.

consumption.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one way to lower the cost of production?

Hire additional workers

Create new technologies

Use more resources

Offer discount prices

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

____ and ____ are two forces that determine the price of a good or service.

Supply and demand

Production and consumption

Duties and responsibilities

Inflation and deflation

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