Which of the following is the law of supply?

Supply, Demand, and equilibrium

Quiz
•
History
•
12th Grade
•
Medium
Jacob Miller
Used 71+ times
FREE Resource
17 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
As price goes up quantity demand goes down
As price goes up quantity supply goes up
As price goes down quantity supply stays the same
When the supply curve and demand curve meet
2.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
Which of the following is the law of demand?
As price goes up quantity demand goes down
As price goes up quantity supply goes up
As price goes up quantity demand goes up
When the supply curve and demand curve meet
3.
MULTIPLE CHOICE QUESTION
30 sec • 3 pts
When the supply curve meets the demand curve, that is called a what?
Equilibrium
Shortage
Surplus
Market
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is it called when the quantity supplied is more than the quantity demanded (above the equilibrium)?
Equilibrium
Shortage
Surplus
Market
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
What is it called when the quantity demanded is more than the quantity supplied (below the equilibrium)?
Equilibrium
Shortage
Surplus
Market
6.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
The law of supply is usually from the perspective of who?
Buyers
Sellers
Both
Neither
7.
MULTIPLE CHOICE QUESTION
30 sec • 4 pts
The law of demand is usually from the perspective of who?
Buyers
Sellers
Both
Neither
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Understanding the Law of Supply

Quiz
•
12th Grade
15 questions
Crash Coarse Economics - Inflation

Quiz
•
12th Grade
15 questions
Measuring the Economy

Quiz
•
9th - 12th Grade
18 questions
unit2 vocab econ

Quiz
•
12th Grade
17 questions
ECON Book Final Part 1

Quiz
•
KG - 12th Grade
16 questions
Ch. 12 & 13 Vocab, Government Capitalism and Economics

Quiz
•
9th - 12th Grade
20 questions
Chapter 5: Supply Review

Quiz
•
12th Grade
20 questions
Economics Review - Mooney

Quiz
•
5th - 12th Grade
Popular Resources on Wayground
25 questions
Equations of Circles

Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)

Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System

Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice

Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers

Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons

Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)

Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review

Quiz
•
10th Grade