EPF Module 3 Review

EPF Module 3 Review

Assessment

Assessment

Created by

Marybeth Deadmond

Social Studies

9th - 10th Grade

4 plays

Medium

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20 questions

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1.

MULTIPLE CHOICE

30 sec • 5 pts

Plotting the points from a demand schedule on a graph shows a...

2.

MULTIPLE CHOICE

30 sec • 5 pts

The relationship between price and quantity demanded is typically

3.

MULTIPLE CHOICE

30 sec • 5 pts

Demand, illustrated by a demand curve, is the quantity of a good or service that consumers desire at various prices.

4.

MULTIPLE CHOICE

30 sec • 5 pts

At a higher price the quantity supplied of a product typically is...

5.

MULTIPLE CHOICE

30 sec • 5 pts

When moving up along an existing supply curve, all variables other than price are

6.

MULTIPLE CHOICE

30 sec • 5 pts

Improvements in technology cause supply to

7.

MULTIPLE CHOICE

30 sec • 5 pts

Which of the following are non-price determinants of supply ?

8.

MULTIPLE CHOICE

30 sec • 5 pts

An increase in supply is illustrated by a supply curve shifting to the left.

9.

MULTIPLE CHOICE

30 sec • 5 pts

When quantity supplied exceeds quantity demanded the market has a

10.

MULTIPLE CHOICE

30 sec • 5 pts

A shortage exists in a market when the price is

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