Supply and Demand
Authored by Nikki Brewer
Social Studies
KG - 12th Grade
Used 332+ times
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines DEMAND
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines SUPPLY
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of demand, as price rises, what happens to quantity demanded?
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of supply, as price rises, what happens to quantity supplied?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When quantity supplied and quantity demanded is equal
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a price is above equilibrium price, it creates a...
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a price is below the equilibrium price it creates a...
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