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Supply and demand Review

Authored by geneice silas

Used 8+ times

Supply and demand Review
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22 questions

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1.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Media Image

Which graph below shows the SUPPLY CURVE?

A
B
C
D

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

3.

MULTIPLE CHOICE QUESTION

30 sec • 12 pts

Media Image

What does this curve represent?

demand
supply
equilibrium
shortage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When producers offer more of a good as its price increases and less as its price falls, this defines the

law of demand

law of supply

change in demand

change in supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount for sale at any given price.

Quantity Demanded

Demand

Supply

Quantity Supplied

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you buy a game system and games together, this is an example of which economic concept?

Complements

Substitutions

Elasticity

Economics

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When you buy a PlayStation instead of an X-Box because the price of the PlayStation went up, this is an example of what?

Complements

Substitutions

Elasticity

Economics

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