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Worksheets2.6.1 Price Changes
Total questions: 12
Worksheet time: 11mins
Changes in non-price factors that affect demand and supply change the equilibrium price, but don't change the equilibrium quantity.
Definitely True
Sometimes True
Sometimes False
Definitely False
Price changes _____ occur due to shifts in supply
will
can
can't
won't
equilibrium quantity and equilibrium price have an inverse relationship in response to changes in supply
Yes, It's pretty obvious
Could be true
Can't be true!
Your crazy if you believe that!
Shifts in demand are _____ due to price changes
always
sometimes
rarely
never
The relationship between equilibrium quantity and equilibrium price is positive in response to price changes
absolutely true!
somewhat true
somewhat false
absolutely true
Select the correct demand and supply curve for the below situation.
The impact of a booking charge on hotel rooms
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
A cyclone hitting the rice-growing region of China
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
An advert that offends people
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
A reduction in unemployment
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
A price drop in the cost of coal for a coal-powered electricity station
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
Your ability to buy a face-mask in a shop after a sudden pandemic
Blue
Green
Yellow
Red
Select the correct demand and supply curve for the below situation.
The invention of the car on the use of horses as transport
Blue
Green
Yellow
Red
