What are the two most crucial terms in understanding economics?

Exploring Supply and Demand in Basic Economics

Interactive Video
•

Lucas Foster
•
Social Studies
•
6th - 10th Grade
•
2 plays
•
Medium
Read more
10 questions
Show all answers
1.
MULTIPLE CHOICE
30 sec • 1 pt
2.
MULTIPLE CHOICE
30 sec • 1 pt
What happens to the quantity demanded when the price of an item increases?
3.
MULTIPLE CHOICE
30 sec • 1 pt
According to the law of supply, what is the relationship between price and quantity supplied?
4.
MULTIPLE CHOICE
30 sec • 1 pt
At what price did wheat reach its equilibrium price in the example provided?
5.
MULTIPLE CHOICE
30 sec • 1 pt
How does a large supply of oranges affect their market price?
6.
MULTIPLE CHOICE
30 sec • 1 pt
What causes the equilibrium price to change?
7.
MULTIPLE CHOICE
30 sec • 1 pt
What is the elasticity of demand?
8.
MULTIPLE CHOICE
30 sec • 1 pt
What is a price ceiling?
9.
MULTIPLE CHOICE
30 sec • 1 pt
Why might the government intervene in the market with price floors?
10.
MULTIPLE CHOICE
30 sec • 1 pt
What happens if the government sets a price below the equilibrium price?
Explore all questions with a free account
Similar Resources on Quizizz
11 questions
Exploring the Dynamics of Supply and Demand in Coffee Pricing

•
6th - 10th Grade
11 questions
Understanding Demand and Supply

•
7th - 10th Grade
11 questions
Exploring Elasticity Concepts in Economics

•
6th - 10th Grade
11 questions
Analyzing Shifts in Demand and Supply

•
6th - 10th Grade
11 questions
Exploring Supply and Demand Dynamics

•
6th - 10th Grade
11 questions
Exploring Supply and Demand Concepts

•
6th - 10th Grade
11 questions
Understanding Inflation and Deflation

•
7th - 10th Grade
10 questions
Exploring the Basics of Supply and Demand

•
6th - 10th Grade
Popular Resources on Quizizz
17 questions
CAASPP Math Practice 3rd

•
3rd Grade
15 questions
Grade 3 Simulation Assessment 1

•
3rd Grade
20 questions
math review

•
4th Grade
19 questions
HCS Grade 5 Simulation Assessment_1 2425sy

•
5th Grade
16 questions
Grade 3 Simulation Assessment 2

•
3rd Grade
21 questions
6th Grade Math CAASPP Practice

•
6th Grade
13 questions
Cinco de mayo

•
6th - 8th Grade
20 questions
Reading Comprehension

•
5th Grade
Discover more resources for Social Studies
40 questions
Civics EOC Boot Camp

•
7th Grade
48 questions
Civics EOC Review 2025

•
7th Grade
31 questions
Ancient India Review

•
6th Grade
20 questions
World War 2

•
7th Grade
25 questions
Civics EOC Review 01

•
7th Grade
48 questions
Georgia Studies Milestone Review

•
8th Grade
23 questions
Financial Literacy

•
6th Grade
20 questions
Georgia Studies Milestone Review

•
8th Grade