
Econ Test 2
Authored by Kayla Schillinger
Social Studies
9th - 12th Grade
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
53 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these best defines equilibrium in a market?
a situation in which quantity supplied is greater than quantity demanded
a situation in which quantity demanded is greater than quantity supplied
a situation in which quantity supplied and quantity demanded are equal
a situation where a minimum price is set
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which the quantity supplied is greater than the quantity demanded is
a shortage
a surplus
a price floor
a price ceiling
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which quantity demanded is greater than quantity supplied is
a shortage
a surplus
a price floor
a price ceiling
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Market forces are best described as
supply and demand determining prices
the government set a minimum price for corn so farmers can make more money
the government setting a maximum price on gas so people can save money
a group of buyers and sellers for a particular good or service
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which a minimum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A situation in which a maximum price is set is referred to as
a shortage
a surplus
a price ceiling
a price floor
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following demonstrates price equilibrium?
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?
Similar Resources on Wayground
50 questions
World History Semester Exam
Quiz
•
10th Grade
55 questions
AP GoPo Unit 2 Part 2: Interactions Among Branches - Executive
Quiz
•
10th - 12th Grade
52 questions
Economic Fundamentals Milestone Review
Quiz
•
12th Grade
50 questions
50 states and capitals
Quiz
•
4th - 12th Grade
50 questions
GK- Marathon 13,14 & 15
Quiz
•
8th Grade - Professio...
50 questions
PFL & Eco Final Exam Review Part #1
Quiz
•
11th Grade
50 questions
State Names
Quiz
•
4th - 12th Grade
50 questions
US History Domain 5 Test
Quiz
•
11th Grade
Popular Resources on Wayground
8 questions
2 Step Word Problems
Quiz
•
KG - University
20 questions
Comparing Fractions
Quiz
•
4th Grade
15 questions
Fractions on a Number Line
Quiz
•
3rd Grade
20 questions
Equivalent Fractions
Quiz
•
3rd Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
10 questions
Latin Bases claus(clois,clos, clud, clus) and ped
Quiz
•
6th - 8th Grade
22 questions
fractions
Quiz
•
3rd Grade
7 questions
The Story of Books
Quiz
•
6th - 8th Grade
Discover more resources for Social Studies
26 questions
2025-26 Standard 1 Study Guide-Updated Jan 26
Quiz
•
11th Grade
29 questions
Cold War/1950s Test Review — Worksheet Questions (Grade 11)
Quiz
•
11th Grade
11 questions
Renaissance SSWH 9a, b, c
Lesson
•
9th - 12th Grade
41 questions
US Government Unit 1
Quiz
•
9th - 12th Grade
28 questions
Govt. Unit 1 Exam Review
Quiz
•
12th Grade
60 questions
Unit 1 Foundations of Economics
Quiz
•
9th - 12th Grade
15 questions
Solar System
Quiz
•
9th Grade
14 questions
Manifest Destiny to Texas Annexation 22-23
Quiz
•
9th - 12th Grade