demand and supply

What does this curve represent?

• Supply

• Demand

• Equillibrium

• Quantity

What does this curve represent?

• Demand

• Supply

• Equilibrium

• Shortage

If the price of printers goes down, what happens in the market for ink cartridges?

• Supply increases.
• Supply decreases.
• Demand increases.
• Demand decreases

The following is a factor that will not cause the demand curve to shift:

• Advertising
• Population
• Price
• Consumer expectations

The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is...

• Supply

• Quantity sold

• Demand

• Quantity demanded

Generally speaking, the lower the price, the greater the quantity demand.

• True
• False

The point where supply and demand are balanced is?

• Product

• Demand

• Surplus

• Equilibrium

When there is a shortage the price will usually?

• Rise

• Fall

• Remain the same

• Equilibrium

The law of supply states that there is what type of relationship between price and supply?

• As price decreases demand increases.

• As price increases supply decreases.

• As price increases supply increases.

• As price decreases supply remains the same.

What is the Equilibrium Price?

• 1
• 2
• 3
• 4