12b Supply and Demand
Flashcard
•
Other
•
7th - 8th Grade
•
Hard
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8 questions
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1.
FLASHCARD QUESTION
Front
What does this curve represent? Options: demand, supply, equilibrium, shortage
Back
supply
2.
FLASHCARD QUESTION
Front
What does this curve represent? Options: supply, equilibrium, demand, surplus
Back
demand
3.
FLASHCARD QUESTION
Front
What is equilibrium price?
Back
The price where supply and demand intersect
4.
FLASHCARD QUESTION
Front
Back
A
5.
FLASHCARD QUESTION
Front
What is determined by the interaction of supply and demand?
Back
Price
6.
FLASHCARD QUESTION
Front
According to the chart, how many cars are supplied at $50,000?
Back
80
7.
FLASHCARD QUESTION
Front
According to the chart, what would happen if the price drops from $1.50 to $.50? Options: Pizza makers will make more money, The cost of producing pizza will rise, Not everyone will get pizza, Everyone is able to have pizza
Back
Not everyone will get pizza
8.
FLASHCARD QUESTION
Front
What is the equilibrium price?
Back
$20
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