Supply and Demand Practice

Supply and Demand Practice

12th Grade

12 Qs

quiz-placeholder

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Supply and Demand Practice

Supply and Demand Practice

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Kelly Kater

Used 14+ times

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cheaper substitute good enters the market.

Demand increase

Demand decrease

Supply increase

Supply decrease

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The workers who make the product go on strike (stop working).

Demand increase

Demand decrease

Supply increase

Supply decrease

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government passes a law that lowers the age where it is legal to purchase the product.

Demand increase

Demand decrease

Supply increase

Supply decrease

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Change in technology makes production time faster for the product.

Demand increase

Demand decrease

Supply increase

Supply decrease

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The price of a complementary good falls. (think peanut butter and jelly).

Demand increase

Demand decrease

Supply increase

Supply decrease

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The government tightens restrictions on the working conditions for the production of this product.

Demand increase

Demand decrease

Supply increase

Supply decrease

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The worker unionize and negotiate higher wages. (Business has to pay more to produce the product).

Demand increase

Demand decrease

Supply increase

Supply decrease

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