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U1 - Supply and Demand Practice

Authored by Frances Mendoza

History

8th Grade

Used 3+ times

U1 - Supply and Demand Practice
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8 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the production of shoes?

Increase

Decrease

Stay the same

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are the owner of a shoe company and you just received your first athlete sponsorship from Lebron James. What will happen to the price of shoes?

Increase

Decrease

Stay the same

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the production/ordering of older systems?

Increase

Decrease

Stay the same

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are a videogame shop owner and the next generation systems were just released. You have over 200 older generation systems still in stock. What will happen to the price of older systems?

Increase

Decrease

Stay the same

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are a farmer with ample corn. Other farmers have struggled to produce their corn crop this year. What will happen to the production of corn?

Increase

Decrease

Stay the same

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

You are a farmer with ample corn.  Other farmers have struggled to produce their corn crop this year. What will happen to the price of your corn

Increase

Decrease

Stay the same

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

  1. The movie theater just raised the price of movie tickets $5. What will happen to the demand of the tickets?

Increase

Decrease

Stay the same

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