Supply and demand google form test

Supply and demand google form test

12th Grade

29 Qs

quiz-placeholder

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Supply and demand google form test

Supply and demand google form test

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Justin Seifert

Used 7+ times

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29 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F : Price ceiling on the amount people pay for houses is called rent control.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the quantity demanded is more than supplied..

Excess supply

Surplus

Demand

Shortage

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

T/F: Is this an example of the law of supply: A sandwich shop increases the number of sandwiches made everyday when the price is increased?

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ when supply and demand are the same

Equilibrium

Shortage

Surplus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Minimum price _______

Price floor

Price ceiling

Rent control

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a consumer is able and willing to buy, __________ is created

Consumption

Demand

Easticity

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How is the price and quantity of most goods and services determined?

Consumers perception of necessity

Interaction of supply and demand

Quality

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