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Microeconomics Supply and Demand

Authored by Patricia White

Social Studies

12th Grade

Microeconomics Supply and Demand
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66 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

The amount of goods available:

Supply
Demand
Utility
Equilibrium

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The tendency of suppliers to offer more of a good at a higher price:

Law of Supply
Law of Demand
Law of Economics
Law of Net Income

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The number one goal of a business is:

Equality
Good Working Conditions
Profit
Charitable Contributions

4.

MULTIPLE CHOICE QUESTION

20 sec • 12 pts

Media Image

What does this curve represent?

demand
supply
equilibrium
shortage

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Media Image

What does this curve represent?

supply
equilibrium
demand
surplus

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

When the supply of a product or service goes up and the demand stays the same the Price will typically do what? 

rise
fall
stay the same
Consumer

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image

When the demand for a product or service is higher than the supply this causes what?

shortage
consumer
surplus
equilibrium

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