Search Header Logo
  1. Resource Library
  2. Social Studies
  3. Economics
  4. Supply And Demand
  5. Supply And Demand Quiz

Supply and Demand Quiz

Authored by Kimberly A Van Horn

Social Studies

12th Grade

Used 1+ times

Supply and Demand Quiz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reason for the downward sloping demand curve on a supply and demand chart?

As prices go down, demand goes up

As prices go up, demand goes down

As prices go up, demand goes up

As prices go down, demand goes down

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the reason for the upward sloping supply curve on a supply and demand chart?

As prices go up, supply goes down

As prices go down, supply goes down

As prices go up, supply goes up

As prices go down, supply goes up

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the equilibrium point on a supply and demand chart?

Where demand and supply do not meet

Where demand and supply meet with no shortage or surplus

Where there is a surplus

Where there is a shortage

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when the price is set below the equilibrium on a supply and demand chart?

There is no change in price

There is no change in quantity

There is a shortage

There is a surplus

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What happens when the price is set above the equilibrium on a supply and demand chart?

There is a surplus

There is a shortage

There is no change in quantity

There is no change in price

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would happen to the market for 4k TVs if consumer income increases?

Demand would decrease

Supply would decrease

Supply would increase

Demand would increase

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would happen to the market for 4k TVs if the government puts more regulations on input costs?

Supply would decrease

Supply would increase

Demand would increase

Demand would decrease

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?