Supply and Demand

Supply and Demand

8th Grade

5 Qs

quiz-placeholder

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Supply and Demand

Supply and Demand

Assessment

Quiz

Social Studies

8th Grade

Practice Problem

Hard

Created by

Matthew Davisson

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these has the LEAST impact on demand for a product?

Prices of substitutes and complements

Available resources

Incomes

Weather and seasons

2.

DROPDOWN QUESTION

1 min • 1 pt

The​ law of supply shows that when prices increase, the quantity produced ​ (a)  

increases
decreases

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would DECREASE the supply of a product?

New businesses to produce

Higher taxes on the product

New technology to produce more efficiently

Increase in resources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

The shift on this chart represents

An increase in supply

an increase in demand

A decrease in supply

A decrease in demand

5.

LABELLING QUESTION

1 min • 1 pt

Label the points on the chart

a
b
c
Equilibrium
Shortage
Surplus

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