Shifting Supply and Demand

Shifting Supply and Demand

12th Grade

25 Qs

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Shifting Supply and Demand

Shifting Supply and Demand

Assessment

Quiz

Social Studies

12th Grade

Hard

Created by

John Robinson

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

McDonald's just reduced the price of the Big Mac. Show the change in the market for Whoppers.

Price and Quantity increase

Price and Quantity decrease

Price increases and Quantity decreases

Price decreases and Quantity increases

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

The price of rubber decreased by 30%. Show the change in the market for car tires.

Price and Quantity increase

Price and Quantity decrease

Price increases and Quantity decreases

Price decreases and Quantity increases

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Denny's just opened a store in Griffin, making it the 5th breakfast food restaurant in the area. Show the change in the market for breakfast food.

Price and Quantity increase

Price and Quantity decrease

Price increases and Quantity decreases

Price decreases and Quantity increases

4.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Zaxby's branches out and begins opening stores in the Northeast US for the first time, increasing the amount of people exposed to Zaxby's food. Show the change in the market for Zaxby's

Price and Quantity increase

Price and Quantity decrease

Price increases and Quantity decreases

Price decreases and Quantity increases

5.

LABELLING QUESTION

1 min • 1 pt

Demand Increase, Demand Decrease, Supply increase, Supply decrease

d
c
b
a

Demand Increase

Supply Increase

Demand Decrease

Supply Decrease

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

The diagram represents a

increase in demand

decrease in demand

change in quantity demand

none of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

Which of the following scenarios would result in the shifting demand curve shown here?

Increase in consumers' incomes

A good or service becomes out of style

Suppliers find new resources

Government decides to tax the good/service more

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