Which of the following will increase only the QUANTITY demanded for peaches?
Economics Supply and Demand Review

Quiz
•
Social Studies
•
12th Grade
•
Hard
John Robinson
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
The price of peaches declines
Apples, a substitute, becomes cheaper
A tropical storm destroys hundreds of acres of peach trees
An increase in supply of peaches
2.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
the cost of producing the good increases/decreases based on the materials necessary to produce
input costs
market equilibrium
There is a fungus that kills much of the corn crop in Nebraska.
shifts
3.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
A typical DEMAND CURVE...
slopes DOWNWARD to the RIGHT
Coke & Pepsi
the estimated amount of a given commodity (good or service) people will buy at different prices
looks so cool
4.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Which of the following best describes a demand curve?
a graph of the relationship between the price of a good and the quantity demanded
The Law of Demand
a DECREASE in DEMAND
there is change in the QUANTITY DEMANDED
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The idea that resources are limited; we don't have an unlimited supply of what we want
scarcity
supply
demand
inflation
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What choice below describes the following definition: the theory of social science that deals with issues such as money, banking, wealth, resources, interest rates, inflation, unemployment, business cycles, investing, etc.
Economics
Life!
I'm not sure, Mr. S.! Can you help me out?
KFC
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Please complete the following sentence: ____ are people whose efforts and skills go into the production of goods and services.
Labor
Markets
Economics
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