
Supply Demand shift
Authored by Katherine Grace
Social Studies, Business, Life Skills
9th - 12th Grade
Used 10+ times

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29 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
If the price of printers goes down, what happens in the market for ink cartridges?
Supply increases.
Supply decreases.
Demand increases.
Demand decreases
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Generally speaking, the lower the price, the greater the quantity demand.
True
False
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
For the law of demand, as price rises, what happens to quantity demanded?
it goes up
it goes down
it stays the same
it is not effected
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
For the law of supply, as price rises, what happens to quantity supplied?
it goes up
it goes down
it stays the same
it is not effected
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are Substitute Goods?
Items that people tend to buy more of when their incomes increase. This is true of most goods and services.
Items that people purchase more of when their incomes decrease. These items tend to be low-cost options for saving money.
Items that may replace each other when used or consumed.
Items that are almost always consumed or used together.
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
New robot technology increases productivity of car producers. What happens to market for cars?
Supply shifts left
Supply shifts right
No change in supply
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Cost of steel increases. What happens to market for cars?
Supply shifts left
Supply shifts right
No change in supply
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