Supply, Demand and Elasticity
Authored by Muhammad Balbaa
Other, Social Studies
10th - 12th Grade
Used 9+ times
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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A group of buyer and sellers of a particular good or service
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines DEMAND
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This part of the market determines SUPPLY
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of demand, as price rises, what happens to quantity demanded?
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
For the law of supply, as price rises, what happens to quantity supplied?
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When quantity supplied and quantity demanded is equal
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a price is above equilibrium price, it creates a...
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