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WorksheetsSupply and demand
Total questions: 15
Worksheet time: 15mins
According to the law of demand, as price rises, what happens to quantity demanded?
It goes up
It goes down
It stays the same
No change
What does this curve represent?
Supply
Equilibrium
Demand
Surplus
Which of the following will cause an increase in the quantity demanded of snowboards?
More costly production methods
A decrease in the price of lift tickets at snowboarding resorts
A decrease in consumer income
A decrease in the population
The movement from Point A to Point B represents a(n)
increase in the price
decrease in the quantity supplied
shift in the supply curve
A decrease in the price of a product will
shift supply out
shift supply in
increase quantity supplied
decrease quantity supplied
Auto Union Workers agree to wage cuts. In terms of supply, this represents a change in..
resources/inputs
subsides or taxes
income
number of producers
Auto Union Workers agree to wage cuts. Which diagram shows this?
New robot increase efficiency for Autos. Which diagram shows this?
Cost of steel decreases for Autos. Which diagram shows this?
Government gives car producers subsidies. What will the impact be?
Which diagram shows the supply curve?
A
B
C
D
According to the law of supply, if the price of a product increases...
Supply decreases
Supply increases
Supply won't change
None of the above
