
Supply and Demand
Authored by Jeffery Blanchard
Social Studies
9th - 12th Grade
Used 9+ times

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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a persons purchasing power increases they can buy more
Elastic
Supply Curve
Diminishing Returns
Income Effect
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Increase in output that is less with each unit
Elastic
Supply Curve
Diminishing Returns
Income Effect
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Demand and supply are easily effected by price
Elastic
Supply Curve
Diminishing Returns
Income Effect
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tells the quantity a producer is willing to make at each price
Elastic
Supply Curve
Diminishing Returns
Income Effect
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Price of resources needed to produce a good or service
Input Cost
Labor productivity
Subsidies
Increasing Returns
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price falls people buy more
Law of Demand
Law of Supply
Diminishing Marginal Utility
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price raises producers make more
Law of Demand
Law of Supply
Diminishing Marginal Utility
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