Supply and Demand

Supply and Demand

11th Grade

15 Qs

quiz-placeholder

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Supply and Demand

Supply and Demand

Assessment

Quiz

Other

11th Grade

Practice Problem

Medium

Created by

Joseph Michalski

Used 2+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of goods available:

Supply
Demand
Utility
Equilibrium

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency of suppliers to offer more of a good at a higher price:

Law of Supply
Law of Demand
Law of Economics
Law of Net Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is a chart that lists how much of a good a supplier will offer at different prices:

Demand Schedule
Supply Schedule
Economics Schedule
Profit Schedule

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

A supply curve slopes:

Upward
Downward
Vertical
Not at All

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The only thing that causes movement along a supply or demand curve:

Price
Quantity
Climate
Weather

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers buy more of something when it costs less:

Law of supply
Law of demand
Law of purchase
Law of trade

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Consumers buy a different good when the price of something gets too high:

Substitution effect
Income effect
Weather effect
Demand effect

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