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Social Studies

11th Grade

Used 43+ times

Supply and Demand Review
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32 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a market, price is determine by the interaction of:

inputs and outputs

supply and demand

push and pull factors

demand and means on distribution

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Goods that are bought and used together are 

complementary goods
substitute goods
income goods
unrelated goods

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Goods that are viewed as interchangeable with one another are considered

complementary goods
substitute goods
income goods
unrelated goods

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When the demand curve shifts to the left, this suggests demand has

increased

decreased

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When the demand curve has shifted to the right, this suggests demand has

increased

decreased

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According the Law of Supply, if price increases the amount suppliers are willing to supply will

increase

decrease

stay the same

7.

MULTIPLE CHOICE QUESTION

0 sec • 1 pt

According to the Law of Demand, if price increases then the quantity demanded will...

increase

decrease

stay the same

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