
Supply & Demand Extra Credit Quiz
Assessment
•
Ralph Churchill
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Social Studies
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12th Grade
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12 plays
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Medium
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10 questions
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1.
MULTIPLE CHOICE
1 min • 1 pt
Which statement describes the law of demand?
2.
MULTIPLE CHOICE
1 min • 1 pt
Which explains why a supply line is upward sloping?
3.
MULTIPLE CHOICE
1 min • 1 pt
Which is an example of the Law of Demand at work?
4.
MULTIPLE CHOICE
1 min • 1 pt
What causes a shift in the demand curve?
5.
MULTIPLE CHOICE
1 min • 1 pt
The amount of a good or service that producers are willing and able to sell at all possible prices during a given period of time.
6.
MULTIPLE CHOICE
1 min • 1 pt
The market equilibrium price is the price at which
7.
MULTIPLE CHOICE
1 min • 1 pt
What is the Equilibrium Price?
8.
MULTIPLE CHOICE
1 min • 1 pt
When there is a shortage the price will usually?
9.
MULTIPLE CHOICE
1 min • 1 pt
The diagram represents a(n)
10.
MULTIPLE CHOICE
1 min • 1 pt
The diagram represents a
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