Social 4th qtr review - equilibrium

Social 4th qtr review - equilibrium

9th - 12th Grade

25 Qs

quiz-placeholder

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Social 4th qtr review - equilibrium

Social 4th qtr review - equilibrium

Assessment

Quiz

Social Studies

9th - 12th Grade

Practice Problem

Medium

Created by

Bernadette Perez

Used 1+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Identify the equilibrium quantity

1.40

600

60.0

140

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Identify the equilibrium price

3

2

280

215

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When demand increases, the equilibrium price and quantity supplied will both

increase

decrease

stay the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Changes in either demand or supply cause changes in market equilibrium

true

false

stay the same

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An decrease in supply causes the supply curve to shift to the _____________.

left

right

nowhere

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If the cost of one aspect of a good decreases, it becomes cheaper to produce that good, and producers increase supply.

true

false

no change

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A technological improvement usually leads to a decrease in supply.

true

false

no change

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