Unit 8 Review- Supply and Demand

Unit 8 Review- Supply and Demand

9th - 12th Grade

40 Qs

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Unit 8 Review- Supply and Demand

Unit 8 Review- Supply and Demand

Assessment

Quiz

Social Studies

9th - 12th Grade

Medium

Created by

Allison Glenn

Used 14+ times

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40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

increased

decreased

Quantity demanded has increased

Quantity demanded has decreased

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

increased

decreased

quantity demanded has increased

quantity demanded has increased

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When price increases, quantity demanded

increases

decreases

supply would decreases, not quantity supplied

supply would increase, not quantity supplied

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If input costs increase, what will a producer have to do to avoid losing revenue?

Raise price

Lower Price

Decrease supply

Increase supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

A drought has made this year's tomato harvest smaller than usual. What will probably happen to the overall supply of tomato sauce?

The supply will probably go up

The supply will probably go down

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

According to a recent newspaper story, more Americans own dogs than ever before. As a result, ten new companies start making and selling dog food. What will probably happen to the overall supply of dog food?

The supply will probably go up.

The supply will probably go down.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A group of buyer and sellers of a particular good or service

Supply
Demand
Agency
Market

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