Supply and Demand Flashcard

Flashcard
•
Other
•
University
•
Hard
Wayground Content
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Supply
Back
The maximum amount of a product that sellers are willing and able to provide over some time period at various prices
2.
FLASHCARD QUESTION
Front
According to the law of demand, what happens when the price of a favorite candy drops?
Back
Oliver and Evelyn would want to buy more candy (As prices decrease, quantity demanded increases)
3.
FLASHCARD QUESTION
Front
What does the scenario of Abigail and Jose running a lemonade stand illustrate?
Back
The relationship between price and quantity demanded
4.
FLASHCARD QUESTION
Front
What is the law of supply?
Back
As prices increase, quantity supplied increases
5.
FLASHCARD QUESTION
Front
Avery discovers a new method to make lemonade that reduces production cost. What happens to the supply of their lemonade?
Back
It increases
6.
FLASHCARD QUESTION
Front
What happens to the supply of Avery's lemonade when the price of Abigail's orange juice falls?
Back
It remains the same
7.
FLASHCARD QUESTION
Front
What effect would a subsidy have on Avery's lemonade supply?
Back
It increases supply
Create a free account and access millions of resources
Similar Resources on Wayground
15 questions
Unit 3 Flashcard Review 24-25

Flashcard
•
12th Grade
10 questions
Exam Q's Unit 1 - Supply and Demand

Flashcard
•
12th Grade
11 questions
Supply and demand

Flashcard
•
12th Grade
15 questions
Supply and Demand Review

Flashcard
•
12th Grade
10 questions
Supply and Demand shift

Flashcard
•
12th Grade
10 questions
Supply and Demand

Flashcard
•
12th Grade
13 questions
SUPPLY!!!

Flashcard
•
12th Grade
Popular Resources on Wayground
10 questions
Video Games

Quiz
•
6th - 12th Grade
20 questions
Brand Labels

Quiz
•
5th - 12th Grade
15 questions
Core 4 of Customer Service - Student Edition

Quiz
•
6th - 8th Grade
15 questions
What is Bullying?- Bullying Lesson Series 6-12

Lesson
•
11th Grade
25 questions
Multiplication Facts

Quiz
•
5th Grade
15 questions
Subtracting Integers

Quiz
•
7th Grade
22 questions
Adding Integers

Quiz
•
6th Grade
10 questions
Exploring Digital Citizenship Essentials

Interactive video
•
6th - 10th Grade
Discover more resources for Other
20 questions
Definite and Indefinite Articles in Spanish (Avancemos)

Quiz
•
8th Grade - University
7 questions
Force and Motion

Interactive video
•
4th Grade - University
36 questions
Unit 5 Key Terms

Quiz
•
11th Grade - University
7 questions
Figurative Language: Idioms, Similes, and Metaphors

Interactive video
•
4th Grade - University
15 questions
Properties of Equality

Quiz
•
8th Grade - University
38 questions
WH - Unit 3 Exam Review*

Quiz
•
10th Grade - University
21 questions
Advise vs. Advice

Quiz
•
6th Grade - University
12 questions
Reading a ruler!

Quiz
•
9th Grade - University