Supply & Demand Quick Review

Supply & Demand Quick Review

12th Grade

12 Qs

quiz-placeholder

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Supply & Demand Quick Review

Supply & Demand Quick Review

Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Caitlin Wales

Used 20+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This part of the market determines DEMAND

buyers
sellers
suppliers
store owners

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

This part of the market determines SUPPLY

buyers
sellers
consumers
us

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

For the law of demand, as price rises, what happens to quantity demanded?

it goes up
it goes down
it stays the same
it is not effected

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

When quantity supplied and quantity demanded is equal

surplus
shortage
equilibrium
law of demand

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

The diagram represents a

increase in demand
decrease in demand
change in quantity demand
none of the above

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Goods that are bought and used together are 

complementary goods
substitute goods
income goods
unrelated goods

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