Civics SOL Review CE12 Supply and Demand

Civics SOL Review CE12 Supply and Demand

8th Grade

12 Qs

quiz-placeholder

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Civics SOL Review CE12 Supply and Demand

Civics SOL Review CE12 Supply and Demand

Assessment

Quiz

History

8th Grade

Medium

Created by

Diane Slade

Used 112+ times

FREE Resource

12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
When the supply of a product or service goes up and the demand stays the same the Price will typically do what? 
rise
fall
stay the same
Consumer

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
When the demand for a product or service is higher than the supply this causes what?
shortage
consumer
surplus
equilibrium

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
The desire or willingness a consumer has to purchase a good or a service is called?
shortage
supply
price
demand

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
The amount of goods or services available is called?
supply
demand
producer
consumer

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
An individual or group who purchases goods.
producer
consumer
goods
services

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Media Image
The point where supply and demand are balanced is?
product
demand
surplus
equilibrium

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Olivia normally works after school on Mondays and Wednesdays. Which is her opportunity cost if she adds Tuesday and Thursday afternoons to her work schedule?

The extra money she could earn

The additional hours she spends at the job

The new clothes she could buy

The time she could spend studying

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