
Supply And Demand Dynamics In Market Equilibrium

Interactive Video
•
Mathematics, Business, Social Studies
•
9th - 10th Grade
•
Hard

Patricia Brown
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the quantity demanded when the price increases from 1 to 2?
It remains the same
It decreases to 6
It increases to 12
It decreases to 8
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the shape of the demand curve and why?
Horizontal line due to constant relationship
Vertical line due to fixed relationship
Downward slope due to negative relationship
Upward slope due to positive relationship
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At what price do the supply and demand curves intersect to form an equilibrium?
Price of 1
Price of 2
Price of 3
Price of 4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the equilibrium quantity when the price is 3?
4 units
7 units
5 units
6 units
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What occurs when the price is set above the equilibrium price?
Excess demand
Surplus
Shortage
Equilibrium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the price is 4, what is the quantity supplied?
10 units
8 units
6 units
4 units
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the result of a surplus in the market?
Prices increase
Prices decrease
Quantity demanded increases
Quantity supplied decreases
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