Supply and Demand Review Intro to Econ

Supply and Demand Review Intro to Econ

10th - 11th Grade

38 Qs

quiz-placeholder

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Supply and Demand Review Intro to Econ

Supply and Demand Review Intro to Econ

Assessment

Quiz

Social Studies, Business, Life Skills, History

10th - 11th Grade

Practice Problem

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Created by

Charlotte Anderson

Used 12+ times

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38 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When producers offer more of a good as its price increases and less as its price falls, this defines the

law of demand

law of supply

change in demand

change in supply

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The willingness and ability of a producer to make a product is referred to as

quantity supplied

quantity demanded

supply

demand

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Movement along a supply curve demonstrates

a change in quantity supplied

a change in quantity demanded

a change in supply

a change in demand

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shift in a supply curve demonstrates

a change in quantity supplied

a change in quantity demanded

a change in supply

a change in demand

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following supply curves demonstrates a decrease in the quantity supplied?

Media Image
Media Image
Media Image
Media Image

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A decrease in supply is demonstrated by which of the following?

Media Image
Media Image
Media Image
Media Image

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

Media Image
Media Image
Media Image
Media Image

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