
Supply and Demand
Authored by Madelyn M
Education
12th Grade
Used 2+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Limiting Items that are in short supply
Shortages
Inelastic
Diminishing Returns
Rationing
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
One of the things that affects supply
Market
Taxes
Surplus
Population
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Slopes down to the right
Supply Curve
Supply Schedule
Demand Curve
Price Floor
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods often used together
Complimentary
Black Market
Equilibrium
Price ceiling
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
People cannot buy the same amount if prices rise while income stays the same
Substitution Effect
Law of Demand
Real Income Effect
Demand Curve
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The "perfect" price
Price inputs
Price floor
Equilibruim
Real Income affect
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money from labor services
Price ceiling
Wages
Surplus
Price floor
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