
EQ price and quantity
Authored by Yonten Jamtsho
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11th Grade
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8 questions
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1.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
When supply remains constant, ______ will lead to the change in equilibrium price and quantity.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An increase in supply will lead to
increased equilibrium price and reduced quantity
reduced equilibrium price and increased quantity
reduced equilibrium price and reduced quantity
increased equilibrium price and increased quantity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Decrease in demand will lead to
upward movement of demand curve from dd to d1d1
rightward shift in demand curve from dd to d1d1
leftward shift in demand curve from dd to d1d1
downward movement of demand curve from dd to d1d1
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the scenario of a decrease in demand, what is the effect on the equilibrium price and quantity?
Price decreases, quantity remains the same
Price increases, quantity remains the same
Price decreases, quantity decreases
Price increases, quantity decreases
You
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the quantity demanded and supplied when there is an increase in demand, assuming the original price remains the same?
Quantity demanded increases, quantity supplied decreases
Quantity demanded increases, quantity supplied remains the same
Quantity demanded decreases, quantity supplied increases
Quantity demanded remains the same, quantity supplied decreases
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which direction does the supply curve shift when there is a increase in supply?
Rightward
Leftward
downward
upward
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the scenario of a decrease in supply, what is the effect on the equilibrium price and quantity?
Price increases, quantity decreases
Price increases, quantity remains the same
Price decreases, quantity decreases
Price decreases, quantity remains the same
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